Role Overview:
Key Responsibilities:
1. Supplier Identification and Development:
- Identify and establish relationships with reliable suppliers to ensure a consistent supply of quality products.
- Evaluate and monitor supplier performance to ensure compliance with quality standards and contractual obligations.
- Develop and maintain a robust supplier network that supports business growth and profitability.
2. Negotiation and Contract Management:
- Lead negotiations with suppliers to secure competitive pricing and favorable commercial terms.
- Draft, evaluate, and manage supplier contracts to ensure alignment with business needs and compliance requirements.
3. Product Sourcing and Quality Assurance:
- Source new products that align with market demand and company standards.
- Evaluate product quality and packaging standards to ensure they meet customer and compliance requirements.
- Conduct regular market research to stay updated on market trends, pricing, and supplier capabilities.
4. Cost Optimization and Efficiency:
- Implement cost-saving initiatives without compromising on quality or service delivery.
- Analyze procurement data to identify opportunities for cost reduction and process improvement.
5. Vendor Relationship Management:
- Build and maintain strong relationships with vendors to foster collaboration and ensure reliable supply chains.
- Address and resolve any supplier-related issues promptly and effectively.
6. Market Intelligence and Strategy:
- Stay informed about industry trends, market conditions, and emerging technologies to inform procurement strategies.
- Develop and implement strategic sourcing plans that align with business goals and market conditions.
Qualifications:
- Bachelor's degree in Supply Chain Management, Business Administration, or a related field. A Master's degree or qualified certification (e.g., CIPS, CPSM) is a plus.
- Proven experience as a Procurement Manager or in a similar role with