Procurement Manager (225-707)

The role of a Procurement Manager is a crucial one within any organization as it directly affects the company's ability to offer its services or produce its products efficiently and cost-effectively. As a Procurement Manager, you will be responsible for overseeing the purchasing activities of an organization and ensuring that it acquires goods and services at the best possible price and quality. This involves managing supplier relationships, negotiating contracts, and coordinating purchasing initiatives that align with company goals. A successful Procurement Manager must have a keen understanding of the industry market trends and remain adaptable to changes in supply chain dynamics. In this position, you will be required to ensure compliance with procurement laws, policies, and procedures while implementing strategic sourcing strategies to reduce cost and improve quality. This role not only requires technical skills but also excellent leadership abilities to manage a team of procurement professionals effectively.

Responsibilities

• Develop and implement procurement strategies that align with the company's objectives.
• Evaluate and select vendors based on price, quality, and service delivery standards.
• Negotiate contracts with suppliers to secure advantageous terms for the company.
• Monitor and forecast upcoming levels of demand to ensure cost efficiency.
• Collaborate with key stakeholders to ensure clarity of the specifications and expectations of the company.
• Resolve vendor or contractor grievances, and claims against suppliers.
• Prepare and maintain purchasing records, reports, and price lists.
• Establish and maintain effective working relationships with vendors and suppliers.
• Analyze market trends to identify potential opportunities for cost reduction.
• Manage a team of procurement professionals, providing guidance and training as necessary.
• Ensure compliance with all relevant procurement regulations and ethical standards.
• Work closely with finance, operations, and other departments to create an integrated supply chain strategy.

Requirements

• Bachelor’s degree in Business Administration, Supply Chain Management, or a related field.
• Minimum of five years of experience in procurement or supply chain management.
• Strong negotiation skills and ability to manage supplier relationships effectively.
• Excellent communication skills, both written and verbal, for interaction with stakeholders.
• Proficiency in procurement software and Microsoft Office Suite, including Excel.
• Demonstrated ability to lead and develop a team of procurement professionals.
• Knowledge of applicable laws and regulations related to procurement and supply chain.
• Strong analytical and problem-solving skills to analyze data and develop solutions.