Key Responsibilities
- Develop and implement strategic sourcing plans that ensure cost efficiency and quality.
- Analyze purchasing trends to identify cost-reduction opportunities.
- Manage procurement budgets and ensure spending aligns with financial objectives.
- Drive compliance with internal policies and relevant industry standards.
Supplier & Contract Management
- Source, evaluate, and onboard reliable suppliers and service providers.
- Negotiate favorable pricing, terms, and SLAs to maximize value.
- Conduct regular supplier performance reviews and address non-compliance.
- Build and maintain strong supplier partnerships to enhance service delivery.
Compliance, Risk & Process Management
- Oversee tendering, RFQs, and bid evaluation processes.
- Maintain ethical and sustainable procurement practices.
- Ensure all procurement decisions comply with legal, regulatory, and company standards.
- Maintain accurate records and documentation across all procurement activities.
Inventory & Demand Planning
- Collaborate with inventory and operations teams to align purchasing with demand forecasts.
- Minimize overstocking and shortages through proactive planning.
- Improve lead times and procurement efficiency across the supply chain.
Leadership & Stakeholder Collaboration
- Lead, coach, and develop a high-performing procurement team.
- Work cross-functionally with finance, operations, sales, and legal teams to achieve strategic goals.
- Report to senior leadership on cost savings, supplier performance, and risk mitigation.
Key Performance Indicators (KPIs)
- Cost savings through strategic sourcing and negotiation.
- Supplier performance (quality, delivery, service standards).
- Procurement process efficiency and turnaround time.
- Budget adherence and cost control.
- Reduction of procurement risks and supply chain disruptions.