Deputy Manager -Procurement

Job Summary:

The Procurement Deputy Manager Costing is responsible for overseeing cost management activities within the procurement function, ensuring the organization achieves optimal value in all sourcing and purchasing decisions. This role combines strategic procurement management with in-depth cost analysis, supplier negotiation, and process optimization. The incumbent will support the Procurement Manager in developing cost models, setting pricing benchmarks, and implementing cost-saving initiatives across projects and categories.

Key Responsibilities:

• Lead cost analysis, budgeting, and cost control activities for procurement projects and materials.
• Develop, review, and maintain cost models, price databases, and benchmarks for key commodities and services.
• Support strategic sourcing initiatives by providing accurate cost projections and financial insights.
• Negotiate with suppliers to achieve cost reductions while maintaining quality and delivery standards.
• Collaborate with project, finance, and operations teams to ensure cost targets are aligned with project budgets.
• Monitor market trends, raw material price fluctuations, and supplier cost structures to identify savings opportunities.
• Evaluate supplier quotations, analyse cost breakdowns, and prepare comparative cost studies for management approval.
• Assist in vendor selection, performance evaluation, and contract management with a focus on total cost of ownership (TCO).
• Implement cost improvement strategies and track cost-saving achievements against targets.
• Prepare and present cost reports, variance analyses, and procurement KPIs for management review.
• Support the Procurement Manager in leading the procurement team and ensuring adherence to company policies and procedures.
  

Qualifications and Skills:

• Bachelor's degree in Engineering.
• 58 years of experience in procurement, costing
• Strong analytical and financial acumen with experience in cost modelling and data analysis.
• Proficiency in ERP systems (SAP, Oracle, or equivalent) and Microsoft Excel (advanced level preferred).
• Excellent negotiation, communication, and stakeholder management skills.
• Proven track record of achieving cost savings and improving procurement efficiency.
• Detail-oriented with strong problem-solving and decision-making skills.
  

Key Competencies:

• Strategic cost management
• Leadership and team development
• Financial and analytical skills
• Vendor negotiation and relationship management
• Process improvement and continuous cost optimization
• Cross-functional collaboration