Procurement Head

Gear Inc; Kuala Lumpur; On-site; MYR 90,000 - 120,000; Full time

Job summary

A leading company is seeking a regional procurement lead to oversee procurement operations. This role involves developing strategies, managing supplier relationships, ensuring compliance, and optimizing costs. Candidates should possess strong negotiation and leadership skills, with at least seven years of procurement experience.

Qualifications

• 7 years of proven experience in procurement management, focusing on strategic sourcing.
• In-depth knowledge of procurement laws and best practices.
• Demonstrated ability to drive cost savings and process improvements.

Responsibilities

• Develop and implement strategic procurement plans aligned with organizational goals.
• Negotiate contracts and manage supplier performance.
• Continuously improve procurement processes for efficiency.

Skills

Negotiation

Contract Management

Analytical Skills

Leadership

Communication

Education

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

Master's degree

Job description

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.