The Procurement Manager is responsible for developing and executing procurement strategies to ensure cost-effective purchasing of goods and services. The role oversees supplier selection, negotiation, contract management, and inventory planning, while ensuring quality, compliance, and operational efficiency across the supply chain.
Key Responsibilities
- Strategic Procurement & Planning
- Develop and implement procurement strategies aligned with business goals.
- Forecast purchasing needs based on production schedules, inventory levels, and market trends.
- Identify opportunities for cost reduction, value improvement, and supplier consolidation.
- Supplier Management
- Source, evaluate, and select reliable suppliers and vendors.
- Negotiate contracts, terms, pricing, and service agreements to achieve best value.
- Monitor supplier performance through KPIs and conduct regular evaluations.
- Build and maintain long‑term, strategic supplier relationships.
- Purchasing Operations
- Oversee the end‑to‑end purchasing process—RFQs, purchase orders, delivery tracking, and documentation.
- Ensure timely availability of materials, equipment, and services required for operations.
- Resolve any delivery delays, shortages, or quality issues.
- Compliance & Risk Management
- Ensure procurement activities comply with company policies and regulatory requirements.
- Minimize risks through contract management, vendor audits, and market analysis.
- Maintain comprehensive procurement documentation for audits and reviews.
- Cost Control & Analysis
- Track and analyze procurement spend and develop cost‑saving initiatives.
- Conduct market research to stay updated on price trends, new products, and industry benchmarks.
- Prepare periodic procurement reports for senior management.
- Cross‑Functional Collaboration
- Work closely with finance, operations, supply chain, warehouse, and production teams.
- Support project teams by sourcing materials and services within defined timelines and budgets.
- Provide guidance and support to internal stakeholders on procurement policies and processes.
- Team Leadership
- Lead, train, and develop the procurement team.
- Allocate responsibilities, review performance, and ensure adherence to best practices.
Qualifications
- Bachelor’s degree in Supply Chain Management, Business Administration, Procurement, or related field.
- 5+ years of procurement experience, with at least 2 years in a managerial role.
- Professional certifications such as CIPS, CPSM, CSCP, or PMP.
- Experience in industry‑specific procurement (construction, manufacturing, FMCG, logistics, oil & gas, etc.).
- Knowledge of international sourcing, import/export procedures, and logistics.