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Purchase Head
3 weeks ago
The Head of Purchase is responsible for managing the procurement function of the organization, ensuring the efficient acquisition of goods and services at competitive prices while maintaining quality and supplier relationships. This role involves developing purchasing strategies, overseeing procurement processes, and collaborating with other departments to meet business needs. The Head of Purchase ensures that all procurement activities align with company goals, budget constraints, and compliance standards.
Key Responsibilities:
- Develop and implement procurement strategies that align with the companys goals and operational needs.
- Identify cost-saving opportunities and ensure procurement processes deliver value to the organization.
- Monitor market trends to ensure a competitive procurement strategy.
- Identify, evaluate, and manage relationships with key suppliers and vendors.
- Negotiate contracts, prices, and terms to secure the best deals while ensuring quality and reliability.
- Build and maintain long-term relationships with suppliers to guarantee timely and cost-effective delivery.
- Oversee inventory levels to ensure that the right products are available at the right time, minimizing stockouts and excess inventory.
- Optimize order quantities, lead times, and replenishment systems to reduce costs and improve efficiency.
- Develop and manage the purchasing budget, ensuring adherence to cost targets.
- Identify and implement cost reduction initiatives without compromising quality or delivery.
- Continuously monitor and analyze expenditures, providing reports on cost trends and procurement performance.
- Ensure all procurement activities comply with internal policies, industry regulations, and legal standards.
- Manage supplier risk by conducting due diligence and monitoring performance metrics
- Lead initiatives to ensure ethical procurement practices and sustainability considerations.
- Lead, mentor, and develop the purchasing team, providing guidance on procurement processes, negotiation tactics, and supplier management.
- Set clear performance expectations, provide feedback, and promote professional development within the team.
- Work closely with cross-functional teams to understand purchasing requirements and align procurement activities with operational needs.
- Provide procurement insights and updates to senior management, influencing decision-making related to supply chain and procurement.
- Oversee contract management, ensuring that all supplier agreements are up-to-date, compliant, and cost-effective.
- Monitor and assess supplier performance, implementing corrective actions when needed to improve quality or delivery issues.
Experience:
- 10 to 15 years experience in Procurement
- Strong negotiation skills and a proven track record of successful vendor management.
- Deep understanding of procurement processes, sourcing strategies, and contract management.
- Proficiency in procurement software and ERP systems.
- Excellent leadership, communication, and team management skills.
- Ability to work under pressure, manage multiple priorities, and meet deadlines.
- Strong analytical and decision-making skills with a focus on cost control and efficiency.
