Purchase Manager

Overview

Key Responsibilities

• Develop and implement procurement strategies to meet cost and quality targets.
• Identify and evaluate potential suppliers based on cost quality and delivery speed.
• Negotiate contracts and prices with suppliers to achieve favorable terms and conditions.
• Monitor inventory levels and collaborate with the inventory management team to prevent stockouts and overstock situations.
• Oversee the procurement of raw materials equipment and services required for production.
• Manage relationships with suppliers and resolve any issues that may arise.
• Analyze market trends and pricing to make informed purchasing decisions.
• Ensure compliance with procurement regulations and ethical standards.
• Collaborate with other departments to understand their purchasing needs and develop effective procurement processes.
• Implement costsaving initiatives and budget controls.
• Identify opportunities for process improvements and implement best practices.
• Participate in the development of longterm purchasing strategies aligned with company goals.
• Provide regular reports and updates on purchasing activities and performance metrics.
• Lead mentor and train the purchasing team to enhance their skills and efficiency.

Required Qualifications

• Bachelor s degree in Business Administration Supply Chain Management or related field.
• Proven experience in procurement management or a similar role.
• Understanding of supply chain management and logistics concepts.
• Strong negotiation and contract management skills.
• Knowledge of procurement best practices and industry trends.
• Excellent analytical and problemsolving abilities.
• Proficiency in use of procurement software and tools.
• Ability to work under pressure and meet tight deadlines.
• Exceptional communication and interpersonal skills.
• Strong organizational and time management skills.
• Ability to lead and motivate a team effectively.
• Familiarity with budgeting and financial principles.
• Keen attention to detail and accuracy in work.
• Understanding of legal and ethical considerations in procurement.
• Certifications in procurement and supply chain management are a plus.

procurement,negotiation,supply chain management,inventory control,vendor management,budgeting,contract management,analytical skills