Procurement Head

Gear Inc; Kuala Lumpur; On-site; MYR 120,000 - 150,000; Full time

Job summary

A regional procurement company in Kuala Lumpur is seeking a Procurement Lead to coordinate and optimize procurement operations. The role involves developing procurement strategies, managing supplier relations, and ensuring compliance with regulations. Ideal candidates will have over 7 years of experience in procurement management and strong negotiation skills. This position offers an opportunity to lead a dynamic team and drive cost-saving initiatives.

Qualifications

• 7+ years of procurement management experience focusing on strategic sourcing.
• Proven track record in negotiation and contract management.
• In-depth knowledge of procurement laws and best practices.

Responsibilities

• Coordinate and supervise procurement operations as a regional lead.
• Develop procurement strategies aligning with organizational goals.
• Negotiate contracts and terms with suppliers.
• Evaluate supplier performance and ensure compliance.

Skills

Strategic thinking

Leadership abilities

Negotiation skills

Analytical skills

Communication skills

Education

Bachelor's degree in Business, Supply Chain Management or related field

Master's degree

Job description

Overview

You will be in charge of coordinating and supervising all procurement operations in your capacity as the regional procurement lead. Assuring effective and economical sourcing of goods and services while upholding strict quality standards and regulatory compliance will be your key objective. To optimize the procurement process, this function necessitates strategic thinking, strong leadership abilities, and the capacity to work with a variety of stakeholders.

Key Responsibilities

• Strategic Procurement Planning:

  Develop and implement procurement strategies aligned with overall organizational goals.

  Analyze market trends, identify opportunities for cost savings, and recommend improvements to the procurement process.

  Build and maintain strong relationships with key suppliers.

  Negotiate contracts, terms, and conditions with suppliers to secure favorable agreements.

  Evaluate supplier performance and address any issues to ensure reliability and quality.

  Provide leadership and direction to the procurement team.

  Foster a collaborative and high-performance culture within the team.

  Conduct training and development programs to enhance the skills of the procurement staff.

• Compliance and Risk Management:

  Ensure compliance with relevant laws, regulations, and company policies.

  Develop and implement risk mitigation strategies to safeguard the procurement process.

• Cost Optimization:

  Identify opportunities for cost reduction and implement cost-saving initiatives.

  Monitor and control procurement budgets to achieve financial objectives.

• Process Improvement:

  Continuously assess and improve procurement processes for efficiency and effectiveness.

  Implement best practices and technology solutions to streamline procurement operations.

• Collaboration and Communication:

  Collaborate with internal stakeholders, including operations, finance, and legal departments.

  Communicate procurement strategies, updates, and outcomes to senior management.

• Reporting and Analysis:

  Develop and maintain procurement performance metrics.

  Generate regular reports for management, highlighting key procurement KPIs.

Qualifications and Requirements

• Bachelor's degree in Business, Supply Chain Management, or a related field. Master's degree is a plus.
• Proven experience (7 years) in procurement management, with a focus on strategic sourcing.
• Strong negotiation, contract management, and analytical skills.
• Excellent leadership and team management abilities.
• In-depth knowledge of procurement laws, regulations, and best practices.
• Effective communication and interpersonal skills.
• Demonstrated ability to drive cost savings and process improvements.