Procurement Manager

Procurement Manager

Key Responsibilities:

Strategic Sourcing & Procurement:

• Develop and implement procurement strategies that align with company objectives.
• Identify, evaluate, and manage a reliable supplier base for raw materials, equipment, and services.
• Negotiate contracts, pricing, and terms with suppliers to achieve optimal value.

Supplier Management:

• Build and maintain strong relationships with key suppliers and vendors.
• Monitor supplier performance, quality, delivery timelines, and compliance with terms.
• Resolve supplier disputes and address any performance issues.

Cost Management & Budgeting:

• Monitor and control procurement budgets.
• Analyze market trends and commodity pricing to make informed purchasing decisions.
• Identify cost-saving opportunities through strategic sourcing, volume leverage, or process improvements.

Process Optimization:

• Develop and implement procurement policies, procedures, and best practices.
• Ensure compliance with company policies and relevant regulations.
• Continuously improve procurement workflows and systems for efficiency and transparency.

Inventory & Logistics Coordination:

• Work closely with production, warehouse, and logistics teams to ensure materials are available when needed.
• Maintain optimal inventory levels without overstocking or understocking.
• Coordinate with finance and operations to align procurement with demand forecasts.

Requirements:

Education:

• Bachelor’s degree in supply chain management, Business Administration, Procurement, or a related field.
• A master’s degree or professional certification (e.g., CIPS, CPM, CSCP) is an advantage.

Experience:

• Minimum of 5 years of experience in procurement or supply chain management.
• Proven experience in vendor negotiations, contract management, and strategic sourcing.

Skills:

• Strong negotiation, analytical, and decision-making skills.
• Excellent communication and interpersonal abilities.
• Solid understanding of supply chain and procurement software (e.g., SAP, Oracle, or similar ERP systems).
• Strong organizational and time-management skills.

Working Conditions:

• Office-based with occasional visits to suppliers or production facilities.
• May involve domestic or international travel, depending on supplier locations.