Procurement Manager
3 weeks ago
Job Summary: The Procurement Manager will be responsible for developing and executing procurement strategies to ensure the timely and cost-effective sourcing of high-quality materials and products. This role requires a keen understanding of market trends, supplier relationship management, and a focus on optimizing supply chain operations. The ideal candidate will bring strong negotiation skills, attention to detail, and a passion for the home and kitchen industry.
Key Responsibilities:
- Supplier Management: Identify, evaluate, and establish relationships with suppliers, ensuring the quality and reliability of materials and products.
- Strategic Sourcing: Develop and implement sourcing strategies that align with the company’s goals, focusing on cost efficiency, quality, and sustainability.
- Contract Negotiation: Lead negotiations with suppliers to secure favorable terms, including pricing, delivery schedules, and payment terms.
- Inventory Management: Collaborate with the operations team to maintain optimal inventory levels, reduce lead times, and minimize stockouts.
- Risk Management: Monitor and mitigate risks within the supply chain, including supply disruptions, market fluctuations, and compliance issues.
- Budget Management: Oversee procurement budgets, ensuring alignment with financial goals and maximizing value from supplier contracts.
- Data Analysis: Analyze market trends, supplier performance, and procurement data to inform decision-making and drive continuous improvement.
- Cross-Functional Collaboration: Work closely with product development, operations, and marketing teams to align procurement activities with company objectives.
Qualifications:
- Bachelor’s degree in Supply Chain Management, Business Administration, or a related field.
- 5+ years of experience in procurement, preferably within the home and kitchen industry or a related consumer goods sector.
- Proven track record in supplier management, strategic sourcing, and contract negotiation.
- Strong analytical and problem-solving skills with attention to detail.
- Excellent communication and interpersonal skills.
- Proficiency in procurement software and tools.
- Ability to work in a fast-paced, dynamic environment and manage multiple priorities.
Preferred Qualifications:
- Experience in a startup environment.
- Knowledge of sustainable sourcing practices.
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