Purchase Manager 18F26

The role of a Purchase Manager is integral to the seamless, cost-effective operation of any business that deals with supply chain management. As a Purchase Manager, you will oversee the purchase of products, supplies, and services while ensuring the optimal balance between cost-effectiveness and quality. You will be responsible for locating and maintaining relationships with suppliers or vendors, negotiating terms and prices, and ensuring that all purchasing activities align with the broader strategies and objectives of the organization. This role requires a strategic thinker who can assess supply needs, forecast demand, and manage inventory levels. Moreover, your role will demand a deep understanding of market trends and vendor offerings, ensuring that the organization benefits from competitive prices and service levels. By integrating strong negotiation skills with solid knowledge of market conditions, you will play a crucial role in enhancing the efficiency and sustainability of the organization’s supply chain operations.

Responsibilities

• Develop, lead, and implement purchasing strategies to manage procurement activities effectively.
• Negotiate contracts with suppliers and vendors to ensure cost-effective procurement.
• Assess supplier profiles and analyze offers to identify the most advantageous purchasing tactics.
• Track and report key functional metrics to reduce expenses and improve effectiveness.
• Manage purchasing activities, validate purchase requisitions, and approve purchase orders.
• Collaborate with key stakeholders to ensure clarity of specifications and expectations of the company.
• Control spend and build a culture of long-term saving on procurement costs.
• Review quality of purchased products and conduct supplier performance evaluations.
• Ensure compliance with company policies, regulatory requirements, and stipulated supplier agreements.
• Maintain updated records of purchased products, delivery information and invoices.
• Monitor and forecast upcoming levels of demand to ensure availability of affordable alternatives.
• Liaise closely with the finance department to maintain budget control and bill payments.

Requirements

• Bachelor's degree in Business Administration, Supply Chain Management, or a related field.
• Proven working experience as a Purchasing Manager or in a similar role.
• Strong knowledge of sourcing and procurement techniques, market research, and cost analysis.
• Excellent negotiation skills and familiarity with vendor management software.
• Strong leadership capabilities with the ability to manage, train, and mentor a team.
• Effective communication and interpersonal skills to maintain supplier relationships.
• Ability to manage multiple projects and meet critical deadlines under pressure.