Job Description

Procurement Strategy Development:

• Develop and implement procurement strategies that align with the company’s goals and project requirements.
• Analyze market trends, supplier capabilities, and cost structures to inform strategic sourcing decisions.

Supplier Management:

• Identify, evaluate, and select suppliers based on quality, cost, reliability, and delivery performance.
• Negotiate contracts, terms, and pricing with suppliers to secure favorable agreements.
• Maintain strong relationships with key suppliers, ensuring continuous improvement in performance and cost-effectiveness.

Cost Management & Optimization:

• Monitor and analyze procurement costs, identifying opportunities for cost savings and value optimization.
• Implement cost control measures and ensure adherence to budgetary guidelines.
• Support the finance department in budget planning and forecasting by providing accurate procurement cost data.

Compliance & Risk Management:

• Ensure all procurement activities comply with company policies, legal requirements, and industry regulations.
• Develop and enforce procurement policies, procedures, and guidelines to maintain high standards of compliance.
• Identify and mitigate procurement risks, including supplier risks, contract risks, and market fluctuations.

Process Improvement:

• Lead continuous improvement initiatives to enhance procurement processes, increase efficiency, and reduce cycle times.
• Implement best practices in procurement, leveraging technology and tools to streamline operations.
• Collaborate with other departments to identify and address bottlenecks in the procurement process.

Inventory & Supply Chain Coordination:

• Work closely with the logistics and inventory management teams to ensure timely delivery of goods and materials.
• Coordinate procurement activities with project timelines and production schedules to avoid delays.
• Manage inventory levels to balance cost with availability, reducing the risk of stockouts or overstocking.

Team Leadership & Development:

• Lead, mentor, and develop the procurement team, fostering a culture of excellence and continuous improvement.
• Oversee the recruitment, training, and performance evaluation of procurement staff.
• Promote collaboration and communication within the procurement team and across departments.

Reporting & Communication:

• Prepare and present regular reports on procurement performance, including key metrics, cost savings, and process improvements.
• Communicate procurement strategies, goals, and achievements to senior management and other stakeholders.
• Provide insights and recommendations to support strategic decision-making within the supply chain department.