The Procurement Manager is responsible for developing and executing procurement strategies that ensure the timely and cost-effective acquisition of goods and services. This role involves managing supplier relationships, negotiating contracts, ensuring compliance with company policies, and optimizing procurement processes to support business objectives.
Key Responsibilities:
- Develop and execute procurement strategies aligned with overall business objectives.
- Manage the end-to-end procurement process, including sourcing, negotiation, contracting, and supplier performance management.
- Identify cost-saving opportunities and drive continuous improvement in procurement operations.
- Build and maintain strong relationships with key suppliers and internal stakeholders to ensure effective collaboration.
- Monitor market trends and competitor strategies to inform procurement decisions and maintain a competitive edge.
- Ensure full compliance with legal, regulatory, and internal policy requirements across all procurement activities.
- Prepare and manage procurement budgets and forecasts to support financial planning and control.
- Lead, mentor, and develop the procurement team to enhance capability and performance.
- Enhance the company’s BEE procurement score by engaging with accredited suppliers and promoting inclusive sourcing practices.
- Develop an accurate forecasting model for stock requirements, incorporating seasonal demand fluctuations.
- Source relevant order information from stock shock reports and WSO backorder reports to inform purchasing decisions.
- Maintain regular communication with the warehouse to ensure alignment on stock levels and delivery schedules.
- Negotiate optimal pricing and terms with suppliers to maximize value.
- Stay informed of supplier specials, discounts, kickback schemes, and settlement terms to leverage cost advantages.
- Keep the sales team and branches updated on supply challenges, stock changes, and product upgrades.
- Liaise with the Operations Director regarding supplier price increases and new product evaluations.
- Coordinate the timing of large order deliveries to minimize disruption to warehouse operations.
- Communicate with the Inbound Manager regarding the arrival times of large deliveries.
- Source special or replacement items as needed to meet operational requirements.
- Continuously seek out the best products at the most competitive prices.
- Generate and submit monthly procurement reports for management review.
- Assist in stock takes to ensure inventory accuracy and accountability
Qualifications and requirements
- BCom supply chain management ,Logistics Management,Purchasing Management
- CIPS -Chartered Institute of Procurement & Supply. (Advantageous)
- Experience in FMCG, manufacturing, wholesale or distribution
- High-value procurement: Managing purchasing budgets of R20m–R50m.
- Negotiation: Securing competitive pricing, payment terms and supplier agreements.
- Cost savings: Demonstrating measurable annual procurement savings.
- Supplier management: Managing local and international supplier relationships.
- Financial management: Understanding cash flow, working capital, margins and budgets.
- Leadership: Managing buyers, procurement officers and supplier performance.