Procurement Manager (Internal)

Job Purpose:

To oversee the purchasing activities of the organization, ensuring cost-effective acquisition of goods and services that meet the company's quality standards. The Procurement Manager leads the procurement team, develops procurement strategies, negotiates with suppliers, and ensures the smooth and efficient operation of the supply chain.

Responsibilities and Duties:

• Develop and implement procurement strategies to ensure cost-effectiveness, quality, and timely delivery of goods and services.
• Oversee the day-to-day procurement operations, including vendor selection, negotiation, and contract management.
• Lead the procurement team, providing guidance, training, and performance management to ensure high efficiency.
• Evaluate and select suppliers based on price, quality, and delivery capabilities, building strong relationships with key vendors.
• Negotiate pricing, terms, and conditions with suppliers to ensure the best value for the company.
• Monitor inventory levels and work with the inventory and production teams to maintain optimal stock levels.
• Conduct regular market research and analysis to stay updated on industry trends, pricing, and supply chain challenges.
• Ensure all procurement activities comply with company policies, ethical standards, and legal requirements.
• Collaborate with department heads to understand their procurement needs and provide timely and effective solutions.
• Manage supplier performance by setting performance metrics and conducting supplier audits and reviews.
• Prepare and present procurement reports, including cost analyses, savings, and supplier performance, to senior management.
• Resolve any procurement-related issues, such as delayed shipments or quality discrepancies, in a timely manner.
• Implement and maintain procurement software or systems to streamline the purchasing process.
• Develop and maintain policies and procedures for purchasing and procurement processes.
• Lead efforts to identify cost-saving opportunities and improve the efficiency of procurement processes.
• Ensure compliance with health and safety regulations, quality standards, and sustainability initiatives in all purchasing activities.

Education:

• Bachelor's degree in business administration, Supply Chain Management, Procurement, or a related field. A master's degree is preferred.

Experience:

• Minimum of 5-7 years of experience in procurement or supply chain management, with at least 3 years in a leadership role.

Competencies:

• Strong knowledge of procurement principles, processes, and best practices.
• Excellent negotiation and supplier relationship management skills.
• Strong analytical and problem-solving abilities.
• Proficiency in using procurement and supply chain management software.
• Excellent communication and interpersonal skills.
• Strong organizational and time management abilities.
• Ability to manage multiple tasks and meet deadlines in a fast-paced environment.
• Knowledge of industry trends, market dynamics, and supply chain risks.
• High level of attention to detail and accuracy.