Procurement Manager

Job Summary

The Procurement Manager is accountable for managing the end-to-end procurement process, from identifying supplier needs to negotiating contracts and ensuring timely delivery. This role works closely with cross-functional teams to understand business requirements, evaluate vendor capabilities, and secure the best possible terms and conditions. The Procurement Manager plays a pivotal role in optimizing costs, maintaining supply chain efficiency, and contributing to the organization's overall financial and operational success.

This role aims to ensure that the organization maintains a continuous supply of goods and services at optimal costs and quality levels, while adhering to deadlines and budgets.

Key Responsibilities:

• Develop and implement procurement strategies aligned with the organization's goals and objectives
• Conduct market research to identify and evaluate potential suppliers, products, and services
• Negotiate and manage contracts with suppliers, ensuring favorable pricing, delivery terms, and quality standards
• Collaborate with stakeholders to forecast and plan for future procurement needs
• Monitor supplier performance and manage relationships to drive continuous improvement
• Implement and maintain effective procurement policies, procedures, and internal controls
• Analyze procurement data and provide strategic insights to support decision-making
• Stay current with industry trends, regulations, and best practices in procurement
• Develop and maintain strategic relationships with key suppliers.
• Ensure compliance with legal and regulatory requirements.
• Identify cost-saving opportunities and implement strategies to achieve procurement savings.
• Implement strategies to minimize excess inventory and reduce obsolescence
• Resolve quality issues with suppliers and implement corrective actions as necessary.
•  Prepare and present regular procurement reports, including spend analysis, supplier performance, and market trends.
•  Utilize procurement software and tools for effective data management.

Required Skills:

•  Bachelor's Degree or equivalent
•  Postgraduate/master’s degree/CA/CIMA/ACCA/CPA or equivalent, an advantage.
• Experience in procurement or supply chain management
• Demonstrated proficiency in procurement processes, contract negotiation, and vendor management

Preferred Skills:

• Strong analytical and problem-solving skills with the ability to interpret data and make informed decisions
• Excellent communication and interpersonal skills to collaborate with cross-functional teams
• Familiarity with procurement-related software and tools, such as enterprise resource planning (ERP) systems
• Knowledge of relevant industry regulations, compliance requirements, and best practices
• The ability to analyze market trends, identify opportunities, and develop procurement strategies that align with the organization's long-term goals.
• Strong negotiation skills to secure favorable terms and conditions with suppliers, maximizing cost savings and ensuring the best value for the organization.
• Proficiency in managing procurement projects, including setting clear objectives, coordinating cross-functional teams, and ensuring the timely delivery of goods and services.

Skills

Material Resource Planning (MRP); Sourcing and Procurement; Database Management; Analytical Thinking; Customer Service; Food And Beverage (F&B); Business Purchases; Contracts; Logility; Microsoft Office; Communication; Mathematics; APICS Certification (Inactive); Negotiation; Cost Analysis; Global SAP; Manufacturing Process Controls