The Procurement Manager will be responsible for managing the procurement process, including sourcing, negotiating, and purchasing goods and services. This role involves working closely with suppliers, vendors, and internal teams to ensure the timely and cost-effective acquisition of materials. The ideal candidate will have strong analytical skills, excellent communication abilities, and a thorough understanding of procurement best practices.
Key Responsibilities:
- Sourcing and Supplier Management:
- Identify, evaluate, and select suppliers and vendors based on quality, cost, and reliability.
- Develop and maintain strong relationships with key suppliers and vendors.
- Conduct market research to identify potential suppliers and trends in the industry.
- Negotiation and Contract Management:
- Negotiate pricing, terms, and conditions with suppliers to ensure favorable agreements.
- Draft, review, and manage contracts and purchase agreements.
- Ensure compliance with company policies and legal requirements.
- Procurement Process Management:
- Oversee the end-to-end procurement process, from requisition to purchase order to delivery.
- Monitor inventory levels and coordinate with internal teams to forecast demand and manage stock levels.
- Ensure timely and accurate processing of purchase orders and invoices.
- Cost Control and Optimization:
- Identify opportunities for cost savings and process improvements.
- Implement strategies to optimize procurement processes and reduce expenses.
- Track and analyze procurement metrics to measure performance and drive efficiency.
- Compliance and Risk Management:
- Ensure compliance with all relevant regulations and standards.
- Assess and mitigate risks associated with procurement activities.
- Maintain accurate records of procurement transactions and supplier performance.
- Collaboration and Communication:
- Work closely with cross-functional teams, including finance, operations, and logistics, to align procurement activities with company goals.
- Provide regular updates and reports on procurement status and performance to management.
- Address and resolve any issues or discrepancies related to procurement.
Qualifications:
- Bachelor's degree in Business Administration, Supply Chain Management, or a related field.
- Minimum of 3-5 years of experience in procurement or supply chain management.
- Strong understanding of procurement processes, best practices, and market trends.
- Excellent negotiation, communication, and interpersonal skills.
- Proficient in procurement software and Microsoft Office Suite.
- Strong analytical and problem-solving abilities.
- Ability to manage multiple projects and priorities in a fast-paced environment.
- Certification such as Certified Professional in Supply Management (CPSM) or Certified Purchasing Professional (CPP) preferred.
