Procurement Manager 26O25

The Procurement Manager is an essential role within any organization, responsible for overseeing and managing the purchasing and supply chain operations. This position demands a strategic approach to sourcing, negotiating, and acquiring goods and services effectively, ensuring cost-efficiency and adherence to company policies and quality standards. The ideal candidate for this position will be an analytical thinker with excellent negotiation skills and a keen eye for detail. A Procurement Manager must ensure that all procurements are conducted ethically and in compliance with legal and regulatory requirements. This role often involves collaborating with various departments to forecast needs and maintain optimal inventory levels, thus contributing significantly to the company's overall success and profitability.

Responsibilities

• Develop strategic procurement plans to meet the organization's purchasing needs.
• Negotiate contracts and agreements with suppliers to secure favorable terms.
• Monitor and manage supplier performance and maintain strong business relationships.
• Ensure compliance with legal and regulatory requirements in all purchasing activities.
• Analyze market trends to identify potential supplier sources and cost-saving opportunities.
• Collaborate with departments to forecast procurement needs and optimize inventory levels.
• Manage the procurement team, providing guidance and oversight to achieve objectives.
• Evaluate and select suppliers based on pricing, quality, and delivery capabilities.
• Develop policies and procedures to streamline procurement processes and increase efficiency.
• Prepare reports on procurement activity, vendor performance, and cost savings to present to management.
• Resolve conflicts and address issues promptly to maintain smooth operation of procurement activities.
• Work with financial department to manage budgets and control costs effectively.

Requirements

• Bachelor's degree in supply chain management, business administration, or related field.
• Proven experience as a Procurement Manager or in a similar role within the industry.
• Strong negotiation skills and ability to influence stakeholders at all levels.
• Excellent analytical and problem-solving abilities with keen attention to detail.
• Solid understanding of contract law and purchasing regulations and compliance.
• Proficiency in procurement software and Microsoft Office Suite, especially Excel.
• Strong organizational skills with the ability to manage multiple projects simultaneously.