The Procurement Manager is responsible for overseeing the purchasing process, ensuring that the company acquires quality goods and services at competitive prices. This role is vital in optimizing supply chain operations and contributing to cost efficiency and profitability.
- Develop and implement procurement strategies to meet business objectives.
- Negotiate contracts with suppliers to secure advantageous terms.
- Review and analyze all vendors/suppliers, supply, and price options.
- Maintain records of purchases, pricing, and other important data.
- Ensure that products are delivered on time as per the contract terms.
- Monitor inventory levels to ensure availability of materials when needed.
- Collaborate with key persons to ensure clarity of specifications for current or future orders.
- Strong negotiation skills with a proven track record in supplier management.
- Excellent analytical skills for evaluating supplier performance metrics.
- Proficient in procurement software such as SAP Ariba or Oracle Procurement Cloud.
- Effective communication skills for collaboration across departments.
The Procurement Manager's performance is evaluated based on cost savings achieved through strategic sourcing, timely delivery of goods without stockouts, maintaining strong supplier relationships, and adherence to budgetary constraints while meeting quality standards.
Cost Savings
Achieve targeted cost reductions through effective negotiations.
Supplier Performance
Maintain high supplier reliability scores based on delivery timelines.
Inventory Management
Optimize inventory levels to prevent overstocking or stockouts.
Reports to
Director of Supply Chain Management
Collaborates with
Finance Department, Operations Team
Leads
Procurement Specialists
- SAP Ariba
- Oracle Procurement Cloud
- Coupa
Bachelor's degree in Business Administration or Supply Chain Management; 5-7 years experience in procurement roles with leadership responsibilities.
