Job Description

Responsibilities:

• Develop and implement comprehensive procurement strategies for material sourcing, supplier performance, and cost optimization.
• Conduct market research to identify and qualify potential suppliers.
• Negotiate and secure favorable pricing, terms, and conditions with suppliers.
• Develop and implement processes for cost reduction, rebate management, and cost-saving initiatives.
• Lead and manage the procurement team, providing coaching, mentoring, and performance feedback.
• Monitor and analyze price variations to identify cost-saving opportunities.
• Review and evaluate supplier selection processes and criteria.
• Manage and negotiate critical projects to ensure their successful completion within budget and timeline.
• Oversee vendor-managed inventory (VMI) and cost-saving projects.
• Review and approve all purchase orders (P/O) in accordance with company policies and procedures.
• Prepare and present monthly performance reports to the procurement Group Manager.
• Monitor and track supplier delivery and quality performance against agreed-upon metrics.
• Identify and implement strategies to improve supplier performance.
• Develop and foster strategic partnerships with key suppliers.
• Conduct supplier audits to assess compliance with quality, safety, and ethical standards.
• Review and estimate the annual procurement budget.
• Identify and propose opportunities for improvement within the procurement function.
• Negotiate project contracts, including cost and payment terms.
• Provide support to other departments as assigned, meeting their needs and requests efficiently.
• Assess the training needs of procurement team members and recommend appropriate programs.

Requitements:

• Bachelors degree in business administration, supply chain management, purchasing, or a related field.
• Minimum of 3-5 years of experience in a procurement role, with demonstrated success in strategic planning, supplier management, and cost reduction.
• Strong analytical and problem-solving skills.
• Excellent negotiation and communication skills, both written and verbal.
• Ability to work independently and as part of a team.
• Proficient in MS Office Suite and procurement software.
• Experience with VMI and cost-saving projects is a plus.