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Senior Procurement Executive
2 weeks ago
About The Role:
The Strategic Sourcing Specialist will oversee strategic sourcing activities within the organization. This role involves developing and implementing sourcing strategies, managing supplier relationships, ensuring cost-effective procurement, and driving continuous improvement in the sourcing process.
This individual will work closely with cross-functional teams to ensure the procurement of high-quality goods and services that meet the company's requirements.
Responsibilities:
- Identify and evaluate potential suppliers, conduct market research, and stay abreast of industry trends.
- Create and manage a preferred supplier list based on performance metrics and company requirements.
- Establish and maintain strong relationships with key suppliers to ensure continuity of supply and adherence to quality standards.
- Conduct regular supplier performance reviews and audits, and implement improvement plans as necessary.
- Negotiate contracts, terms, and pricing with suppliers to achieve the best value for the company.
- Ensure the timely and accurate processing of purchase orders, invoices, and other procurement documentation.
- Develop and manage the sourcing budget, identifying opportunities for cost savings and efficiency improvements.
Requirements:
- Bachelor's degree in Supply Chain Management, Business Administration, or a related field. MBA or relevant certification (e.g., CPSM, CIPS) preferred.
- Minimum of 5- 10 years of experience in sourcing or procurement, with at least 5-7 years in a managerial role.
- Proven track record of developing and implementing successful sourcing strategies.
- Strong negotiation, contract management, and supplier relationship management skills.
- Excellent analytical and problem-solving abilities, with a keen attention to detail.
