Overview
Reporting to the SVP Supply Chain and Logistics, the Director of Purchasing leads procurement and purchasing operations and strategy to provide materials and services to meet organizational requirements/goals for quality, volume, availability, pricing, and savings targets. In addition, the Purchasing Director will be responsible for developing and implementing improved strategic sourcing policies, overseeing cost estimates, forecasts, and contracts negotiations.
Job Responsibilities
- Analyzing and calculating procurement costs and developing cost reduction strategies.
- Stay abreast of market trends, economic factors, and regulatory changes that may impact procurement.
- Driving purchasing decisions based on cost and scenario analysis, as well as market trends.
- Oversee contract negotiations with key suppliers, including costs and terms of supply, service, and quality.
- Identify and pursue new supplier opportunities.
- Conduct market research, as well as create cost estimates and forecasts.
- Hiring, training, and managing procurement department employees.
- Maintain strategic sourcing relationships and develop strong partnerships, while applying risk-minimizing techniques.
- Respond effectively to changes in demand or disruptions in the supply chain.
- Develop and implement purchasing strategies to optimize cost savings and operational efficiency.
- Monitor supplier performance and resolve any issues or disputes that may arise.
- Collaborates with other functions to define current and future inventory requirements and manage inventory levels.
- Evaluate sourcing procedures and present improvement strategies to senior management for approval.
- Incorporates auditing processes to ensure procurement and recordkeeping comply with any applicable industry or government regulations.
- Lead and mentor the procurement team, providing guidance and support to achieve departmental goals.
Qualifications and Competencies
- Minimum 10 years of procurement experience in a related industry.
- Bachelor's degree in business, economics, finance, logistics, or a related field.
- A Master\'s degree in business or specialization in advanced procurement management will be advantageous.
- Superb leadership and communication skills.
- Advanced ability to collaborate and negotiate.
- Excellent organizational and time management skills.
- Exceptional analytical and strategic thinking abilities.
- Computer fluency (MS Office (Excel), Internet).
- Ability to multitask, prioritize, and work effectively in a fast-paced environment.
- Ability to respond to issues outside core work hours.
- Deep understanding of supply chain management principles.
- Strategic thinking and decision-making abilities.