Procurement Manager

Job Description
Overview:
The procurement manager is responsible for developing and implementing procurement strategies to optimize purchasing processes, streamline operations, and maximize efficiency. They manage supplier relationships, negotiate contracts, and monitor procurement metrics to ensure cost-effectiveness and compliance with company policies and regulations.
Here's what you'll do:
Develop Procurement Strategies:
Formulate and implement procurement strategies aligned with organizational goals and objectives
Analyze market trends and supplier capabilities to identify opportunities for cost savings and process improvements
Supplier Management:
Source and evaluate potential suppliers, negotiate contracts, and establish relationships to ensure quality, price, and delivery terms meet company standards
Manage supplier performance through regular assessments and audits to maintain service levels and mitigate risks
Contract Negotiation:
Negotiate terms and conditions with suppliers to secure favorable pricing, payment terms, and service level agreements
Review and finalize contracts, ensuring compliance with legal and regulatory requirements
Procurement Operations:
Oversee the procurement process from requisition to delivery, ensuring timely fulfillment of orders while adhering to budgetary constraints
Collaborate with internal stakeholders to understand their purchasing needs and provide strategic guidance on procurement decisions
Cost Management:
Monitor and control procurement costs through cost analysis, budgeting, and forecasting activities
Identify opportunities for cost reduction and efficiency improvements across the supply chain
Risk Management:
Assess and mitigate procurement-related risks, such as supply chain disruptions, quality issues, and compliance violations
Develop contingency plans and alternative sourcing strategies to minimize potential disruptions
Compliance and Ethics:
Ensure procurement activities comply with relevant laws, regulations, and company policies, including ethical sourcing practices and sustainability initiatives
Implement and enforce procurement policies and procedures to maintain transparency, fairness, and integrity in all dealings