Procurement Manager (225-731)

The Procurement Manager is an integral part of an organization's supply chain team, responsible for acquiring all necessary products and services required to operate the business efficiently. This role involves strategizing and negotiating with suppliers to ensure the best possible pricing and terms. The Procurement Manager must identify and capitalize on cost-reduction opportunities without compromising on quality or service levels. The role also demands vigilance to monitor market trends and adapt purchasing strategies accordingly. An effective Procurement Manager will build strong relationships with suppliers while fostering a competitive and transparent procurement process. Monitoring compliance with procurement policies and developing effective procurement systems are also key aspects of this position.

Responsibilities

• Develop and implement strategic procurement strategies across the organization.
• Negotiate contracts, agreements, and pricing with vendors and suppliers.
• Analyze market trends to forecast procurement needs and budget expenditures.
• Manage supplier relationships to ensure consistent quality and service delivery.
• Maintain up-to-date knowledge of relevant industry trends and new products.
• Coordinate with internal departments to determine procurement needs and timelines.
• Ensure compliance with procurement policies, regulations, and legal requirements.
• Develop and maintain a database of preferred suppliers and vendors.
• Conduct risk management regarding supply contracts and agreements.
• Oversee the procurement procedures, maintaining accuracy and transparency in processes.
• Identify opportunities for cost savings and efficiency improvements.
• Report on procurement performance metrics to senior management.

Requirements

• Bachelor's degree in Supply Chain Management, Business Administration, or related field.
• Proven experience in a procurement or supply chain management role.
• Strong negotiation skills with a proven track record of successful contracts.
• Excellent analytical and problem-solving abilities for strategic planning.
• Knowledge of procurement processes, principles, and techniques.
• Proficient in using procurement software and Microsoft Office suite.
• Strong communication and relationship-building skills with suppliers and team members.