To manage the companys supply of products and services. Responsibilities include strategizing to find cost-effective deals and suppliers. The Procurement Manager’s duty is to discover the best ways to cut procurement expenses, so that the company can invest in growth and people.
Responsibilities
- Devise and use fruitful sourcing strategies
- Discover profitable suppliers and initiate business and organization partnerships
- Negotiate with external vendors to secure advantageous terms
- Approve the ordering of necessary goods and services
- Finalize purchase details of orders and deliveries
- Examine and test existing contracts
- Track and report key functional metrics to reduce expenses and improve effectiveness
- Collaborate with key persons to ensure clarity of the specifications and expectations of the company
- Foresee alterations in the comparative negotiating ability of suppliers and clients
- Perform risk management for supply contracts and agreements
- Control spend and build a culture of long-term saving on procurement costs
- Develop, hone and execute current improved procurement strategies across all channels of purchasing.
- Manage every aspect of the supply chain and notify the senior management team of any possible obstacles to ideal efficiency.
- Institute policies and procedures for collecting and reporting key metrics that will reduce our overall expenses while increasing productivity
- Procurement Manager qualifications and skills
- Bachelor’s Degree in Business or Accounting required (MBA preferred
- 5+ years’ experience in procurement or purchasing
- Multilingual preferred
- Talent in negotiations and networking
- Good knowledge of supplier or third party management software
- Aptitude in decision-making and working with numbers
- Experience in collecting and analyzing data
- Strong leadership capabilities