Overview:
The Procurement Manager plays a crucial role in overseeing the procurement function within the organization. They are responsible for developing and implementing strategic procurement initiatives to optimize the sourcing and purchasing of goods and services while ensuring costeffectiveness and quality. The Procurement Lead collaborates with internal stakeholders and external suppliers to drive efficiency and effectiveness in the procurement processes contributing significantly to the organizations overall success.
Key Responsibilities:
- Develop and implement procurement strategies aligned with organizational objectives
- Lead procurement processes including supplier selection negotiation and contract management
- Manage supplier relationships and conduct performance evaluations
- Identify costsaving opportunities and implement cost reduction initiatives
- Collaborate with crossfunctional teams to understand and address procurement needs
- Ensure compliance with procurement policies regulations and ethical standards
- Analyze market trends and industry developments to inform procurement decisions
- Oversee the procurement of goods and services to meet quality and timeline requirements
- Monitor and report on key procurement metrics and performance indicators
- Lead and mentor the procurement team to achieve departmental goals
- Contribute to the development and improvement of procurement processes and systems
- Manage and resolve any procurementrelated issues or disputes
- Participate in supplier diversity and sustainability initiatives
- Collaborate with finance and legal departments on procurementrelated matters
- Stay updated on best practices and emerging trends in procurement
Required Qualifications:
- Bachelors degree in Business Administration Supply Chain Management or relevant field
- Proven experience in procurement sourcing or supply chain management
- Strong understanding of procurement principles practices and procedures
- Excellent negotiation and contract management skills
- Demonstrated ability to develop and execute procurement strategies
- Proficiency in analyzing data and market trends to make informed procurement decisions
- Ability to effectively communicate and collaborate with internal and external stakeholders
- Leadership experience and the ability to mentor and develop a procurement team
- Knowledge of relevant laws regulations and ethical standards in procurement
- Strong analytical and problemsolving skills
- Familiarity with procurement software and tools
- Certification in procurement or supply chain management is a plus
- Proven track record of driving costsaving initiatives and process improvements
- Ability to work in a fastpaced and dynamic environment
- High level of integrity and ethical conduct in procurement practices
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