Procurement Manager
Job Summary:
The Procurement Manager is responsible for overseeing and managing all procurement activities to ensure the timely and cost-effective acquisition of goods, services, and equipment required by the organization. This role involves developing sourcing strategies, managing supplier relationships, negotiating contracts, and ensuring compliance with company policies and quality standards.
Key Responsibilities:
1. Procurement Strategy & Planning
- Develop, implement, and manage procurement strategies aligned with business goals.
- Forecast procurement needs and create purchasing plans based on project or departmental requirements.
- Monitor market trends, competitor pricing, and supplier performance to identify cost-saving opportunities.
2. Supplier & Vendor Management
- Identify, evaluate, and qualify new suppliers and vendors.
- Build and maintain strong relationships with key suppliers to ensure quality and reliability.
- Conduct regular supplier performance reviews and audits.
3. Purchasing Operations
- Manage the end-to-end procurement process from requisition to purchase order and delivery.
- Ensure materials and services are purchased in line with required quality standards and specifications.
- Coordinate with internal departments to align procurement activities with operational needs.
4. Contract & Negotiation Management
- Lead negotiations for contracts, pricing, terms, and conditions to achieve optimal value.
- Draft, review, and manage procurement contracts in collaboration with the legal department.
- Ensure compliance with contractual obligations and company policies.
5. Budget Control & Reporting
- Manage procurement budgets and track expenditures to ensure cost control.
- Analyze data to identify efficiency improvements and report key procurement KPIs to management.
- Prepare regular status reports on purchasing activities and supplier performance.
6. Compliance & Risk Management
- Ensure adherence to procurement policies, ethical standards, and regulatory requirements.
- Mitigate supply chain risks by maintaining alternative sourcing options.
- Support internal and external audits as required.
Qualifications & Experience:
- Bachelor's degree in Supply Chain Management, Business Administration, Engineering, or related field (Master's preferred).
- Minimum 710 years of experience in procurement or supply chain management, with at least 3 years in a managerial role.
- Strong knowledge of sourcing, vendor management, and contract negotiation.
- Experience with ERP systems (SAP, Oracle, etc.) and procurement tools.
- Excellent analytical, communication, and leadership skills.
Key Competencies:
- Strategic sourcing and negotiation
- Cost analysis and budgeting
- Vendor relationship management
- Project management and coordination
- Strong organizational and problem-solving skills
- Ethical and transparent decision-making
Preferred Certifications (optional):
- CIPS (Chartered Institute of Procurement & Supply)
- CPSM (Certified Professional in Supply Management)
- PMP or equivalent certification in project management
