Procurement Director
1 week ago
Key Responsibilities:
Strategic Planning:
- Develop and implement procurement strategies aligned with organizational goals to drive business growth and profitability.
- Identify cost-saving opportunities and improve purchasing processes to enhance efficiency and effectiveness.
Supplier Management:
- Establish and maintain relationships with suppliers and vendors to ensure a stable and reliable supply chain.
- Negotiate contracts and terms to secure favorable agreements that meet business needs.
Team Leadership:
- Lead and manage the procurement team, providing guidance and support to ensure high-performing team members.
- Foster a collaborative environment and encourage professional development to enhance team capabilities.
Budget Management:
- Oversee procurement budgets and monitor spending to ensure compliance with organizational policies and procedures.
- Analyze financial data to identify trends and improve forecasting to inform procurement decisions.
Market Research:
- Stay informed about market trends, new products, and emerging suppliers to make informed procurement decisions.
- Conduct market analysis to inform purchasing decisions and ensure alignment with business objectives.
Risk Management:
- Identify potential risks in the supply chain and develop mitigation strategies to minimize their impact.
- Ensure compliance with relevant regulations and standards to maintain a risk-free procurement environment.
Performance Analysis:
- Monitor and evaluate supplier performance and procurement processes to identify areas for improvement.
- Implement performance metrics and KPIs to track efficiency and effectiveness in procurement operations.
Collaboration:
- Work closely with other departments, such as finance, operations, and production, to ensure alignment on procurement needs and goals.
- Participate in cross-functional teams for major projects and initiatives to drive business success.
Qualifications
- CA/Betech/Bachelor's degree in Business Administration, Supply Chain Management, or a related field (Master's preferred)
- Significant experience in procurement or supply chain management
- Strong negotiation and communication skills
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