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Procurement Strategist

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Job Title: Procurement Strategist

Job Description:

The procurement strategist plays a pivotal role in the organization's success by spearheading the acquisition of goods and services that meet organizational standards for cost, quality, and efficiency.

This critical role involves developing strategic sourcing plans, managing supplier relationships across domestic and international markets, driving cost savings, and ensuring compliance with procurement policies and regulations.

Key Responsibilities:
  • Lead and manage the purchasing team, providing guidance, training, and performance management to optimize procurement operations.
  • Develop and implement global procurement strategies to achieve cost savings and process efficiencies through effective vendor partnerships and negotiations.
  • Establish policies and procedures to standardize and optimize procurement operations, aligning with organizational goals and objectives.
Supplier Management & Negotiations:
  • Source, evaluate, and develop suppliers worldwide to ensure high-quality, cost-effective, and reliable supply, meeting organizational needs and expectations.
  • Negotiate complex contracts, pricing, and delivery terms with international and domestic vendors, fostering strong relationships and optimizing procurement outcomes.
  • Build and maintain collaborative supplier partnerships while managing performance through KPIs and regular reviews to drive continuous improvement.
Operational Excellence:
  • Oversee the creation, approval, and tracking of purchase orders, requisitions, and contracts to ensure seamless procurement processes.
  • Ensure alignment of purchasing activities with organizational goals, inventory requirements, and budget constraints to maximize value and minimize risks.
  • Monitor inventory levels and collaborate with Operations and Warehouse teams to forecast future supply needs, optimizing inventory management and reducing waste.
Compliance & Reporting:
  • Ensure compliance with corporate procurement policies and regulations, including import/export laws, customs, and tariffs.
  • Maintain accurate procurement records, supplier databases, and audit-ready documentation to support organizational decision-making.
  • Prepare and present strategic purchasing reports, cost analysis, and market insights to executive management, informing business decisions and driving growth.