Job Details
Skills And Tools:
Job Description
As a Procurement Head, you will be responsible for overseeing and managing the procurement activities of an organization. Your primary objective is to ensure the timely and cost-effective acquisition of goods, services, and materials while maintaining high quality standards. You will lead a team of procurement professionals and work closely with internal stakeholders and external suppliers to optimize the procurement process and contribute to the organization's overall success.
Key Responsibilities:
1. Develop procurement strategies: Formulate and implement procurement strategies aligned with the organization's goals and objectives. Identify opportunities for cost savings, process improvements, and supplier relationship management to enhance procurement effectiveness.
2. Lead procurement team: Provide leadership and guidance to the procurement team. Set clear goals, assign responsibilities, and monitor performance. Foster a collaborative and high-performance culture within the team.
3. Supplier selection and management: Identify and evaluate potential suppliers based on quality, cost, reliability, and other relevant criteria. Negotiate favorable terms and conditions, including pricing, delivery schedules, and service level agreements. Establish and maintain strong relationships with key suppliers to ensure consistent supply and optimal performance.
4. Contract management: Oversee the negotiation, preparation, and execution of contracts with suppliers. Ensure compliance with legal and regulatory requirements. Monitor contract performance, resolve disputes, and manage contract renewals and terminations.
5. Inventory management: Collaborate with inventory and logistics teams to optimize inventory levels, minimize stockouts, and reduce carrying costs. Implement inventory control measures, including forecasting, demand planning, and monitoring of stock movements.
6. Procurement process improvement: Continuously evaluate and enhance procurement processes to increase efficiency, reduce lead times, and improve overall effectiveness. Implement best practices, digital tools, and automation solutions to streamline procurement operations.
7. Risk management: Identify and mitigate procurement-related risks, such as supply chain disruptions, price fluctuations, and quality issues. Develop contingency plans and alternative sourcing strategies to ensure business continuity.
8. Stakeholder collaboration: Collaborate with internal stakeholders, including finance, operations, and project teams, to understand their procurement requirements and align procurement activities with their needs. Foster strong relationships and effective communication to facilitate cross-functional collaboration.
9. Compliance and ethics: Ensure procurement activities comply with applicable laws, regulations, and ethical standards. Implement and enforce procurement policies and procedures. Conduct supplier due diligence and implement measures to prevent fraud, corruption, and conflicts of interest.
10. Performance measurement and reporting: Develop and monitor key performance indicators (KPIs) to assess procurement performance. Prepare regular reports and dashboards to communicate procurement metrics, achievements, and challenges to senior management.
Job Requirements
- Bachelor's degree in business administration, supply chain management, or a related field. A master's degree or professional certifications are advantageous.
- Proven experience in procurement or supply chain management, with a focus on strategic sourcing, Logistics and supplier management.
- Experience in a leadership or managerial role is preferred.
- Strong knowledge of procurement principles, practices, and strategies. Familiarity with relevant industry trends, technologies, and best practices.
- Excellent negotiation and contract management skills. Ability to analyze complex supplier proposals, assess risks, and drive favorable outcomes.
- Strong leadership and team management abilities. Experience in leading and developing a high-performing procurement team.
- Analytical and problem-solving skills to identify opportunities for process improvements, cost savings, and risk mitigation.
- Excellent communication and interpersonal skills. Ability to interact with internal and external stakeholders at various levels of the organization.
- Proficiency in procurement , (ERP) systems, and data analytics tools.
- Strong business acumen, including financial acumen and a good understanding of market dynamics and supplier landscapes.
