Develop and implement long-term procurement strategies that align with the company's goals.
Identify, evaluate, and select key suppliers and vendors for a variety of goods and services.
Conduct market research to identify new and innovative sources of supply.
Supplier and Vendor Relationship Management:
Establish and maintain strong, long-term relationships with key suppliers and vendors.
Negotiate favorable terms, pricing, and delivery schedules.
Oversee supplier performance, ensuring compliance with quality, cost, and delivery standards.
Contract Negotiation and Management:
Lead negotiations on high-value contracts with suppliers and service providers.
Review and ensure compliance with terms, pricing, and quality standards.
Maintain oversight of contract renewals and modifications.
Cost Management and Budgeting:
Develop and manage procurement budgets to ensure cost-efficiency across all purchasing activities.
Identify cost-saving opportunities without compromising on quality or delivery timelines.
Monitor and analyze spending trends, recommending adjustments as needed.
Team Leadership and Collaboration:
Lead, mentor, and develop a team of procurement professionals to support purchasing activities.
Collaborate with internal stakeholders (e.g., Operations, Finance, Legal) to ensure the alignment of purchasing decisions with departmental and organizational goals.
Compliance and Risk Management:
Ensure all procurement activities comply with legal, regulatory, and organizational policies.
Monitor risks associated with procurement activities, developing mitigation strategies as necessary.
Reporting and Documentation:
Prepare regular procurement reports for senior management, highlighting key performance metrics and procurement activities.
Maintain accurate and up-to-date records of contracts, purchases, and supplier performance.
