Head of Procurement (Relocation Considered- Marine Industry)

TITLE: PROCUREMENT HEAD

REPORTING TO:MANAGING DIRECTOR

POSITION OVERVIEW:

Lead and manage the procurement department, overseeing the procurement of materials, equipment, and services essential for ship repair, maintenance, and shipbuilding projects. Ensure cost-effective purchasing while maintaining high standards of quality, compliance, and supplier performance.

SPAN OF CONTROL:

• Oversee and manage a team of procurement professionals, including buyers, analysts, and support staff, ensuring effective task allocation and team productivity.

• Establish and enforce procurement policies, procedures, and best practices to optimize procurement processes and ensure compliance with industry regulations.

• Collaborate with project managers, production leads, and other departments to align procurement strategies with project objectives and timelines.

• Evaluate supplier performance and manage relationships to ensure reliable supply chains and mitigate risks.

• Conduct regular training and development sessions for procurement staff to enhance their skills and knowledge.

• Monitor procurement metrics and report on savings, supplier performance, and inventory management to senior management.

• Lead negotiations with suppliers and contractors to secure the best possible terms and conditions for the company.

• Stay informed about market trends, supplier capabilities, and pricing to make informed procurement decisions.

• Implement and manage procurement software and tools to streamline processes and enhance visibility.

DUTIES & RESPONSIBILITIES:

• Strategic Procurement: Develop and execute procurement strategies that align with company goals and optimize costs.

• Supplier Management: Identify, evaluate, and select suppliers, negotiating contracts and agreements to ensure value for money.

• Budget Management: Oversee the procurement budget, ensuring adherence to financial targets and minimizing excess costs.

• Risk Assessment: Analyze and mitigate procurement risks, including supply chain disruptions and vendor reliability.

• Inventory Management: Monitor inventory levels to ensure availability of materials while minimizing excess stock.

• Collaboration: Work closely with engineering, production, and quality assurance teams to ensure timely availability of materials and compliance with specifications.

• Quality Assurance: Establish quality standards for procured materials and services, ensuring compliance with industry regulations.

• Continuous Improvement: Identify opportunities for process improvements within the procurement function to enhance efficiency and effectiveness.

• Reporting: Prepare reports and presentations for senior management regarding procurement activities, savings, and supplier performance.

• Compliance: Ensure procurement activities adhere to legal, regulatory, and ethical standards.

KEY COMPETENCIES:

• Education: Bachelor's degree in Business Administration, Supply Chain Management, or a related field; Master's degree is a plus.

• Experience: 7-10 years in procurement or supply chain management, with at least 3-5 years in a leadership role.

• Negotiation Skills: Proven track record of successful negotiations with suppliers and contractors.

• Market Knowledge: Strong understanding of market trends, pricing, and supplier capabilities within the marine or industrial sectors.

• Analytical Skills: Ability to analyze data and market trends to inform procurement decisions.

• Leadership & Team Management: Strong leadership skills with the ability to mentor and develop team members.

• Communication & Interpersonal Skills: Excellent verbal and written communication skills for effective collaboration with stakeholders.

• Project Management: Strong organizational and project management skills, with the ability to manage multiple priorities.

• • Technology Proficiency: Familiarity with procurement software, ERP systems, and data analysis tools.