Contracts & Foreign Purchasing Manager

Role Summary:

The Contracts & Foreign Purchasing Manager will play a critical role in overseeing the company's contracts and foreign purchasing operations. This position will be responsible for developing and implementing procurement strategies, managing supplier relationships, and ensuring compliance with relevant regulations and company policies. The successful candidate will have a strong background in contract management and international purchasing, as well as excellent negotiation and communication skills.

Responsibilities:

• Develop and implement procurement strategies that support company objectives and promote cost reduction, quality improvement, and supply chain optimization.
• Oversee the drafting, reviewing, and negotiation of contracts with suppliers, ensuring compliance with relevant regulations and company policies.
• Ensure that all contracts are executed in a timely and accurate manner.
• Monitor contract performance and ensure that all parties are meeting their obligations.
• Manage the international purchasing process, including identifying and selecting foreign suppliers, managing currency exchange risks, and ensuring compliance with import/export regulations and customs requirements.
• Establish and maintain relationships with key suppliers, negotiate pricing and terms, and manage supplier performance evaluations.
• Develop and manage the department's budget to ensure that resources are allocated effectively.
• Monitor financial performance and take corrective action when necessary.
• Develop and implement policies, procedures, and controls to ensure compliance with relevant regulations and mitigate risks associated with contracts and international purchasing.
• Lead and manage the Contracts & Foreign Purchasing team, providing coaching, guidance, and performance management as needed.
• Ensure that all team members are trained and developed to meet the needs of the department and the company.
• Collaborate with internal stakeholders, including the CEO, to align procurement activities with company goals and objectives.
• Monitor and report on key performance indicators related to contracts and foreign purchasing, making recommendations for continuous improvement.

Key Technical Competencies:

1. Contract Management:

• Ability to draft, review, and negotiate contracts with suppliers, ensuring they meet the company's needs and are in compliance with relevant regulations.
• Experience in monitoring contract performance and managing contract renewals or terminations.

1. International Purchasing:

• Knowledge of international purchasing practices, including managing currency exchange risks, import/export regulations, and customs requirements.
• Ability to identify, evaluate, and select foreign suppliers, ensuring high-quality products and services at competitive prices.

1. Procurement Strategy:

• Proficiency in developing and implementing procurement strategies that align with company objectives and support cost reduction, quality improvement, and supply chain optimization initiatives.
• Ability to analyze market trends and industry benchmarks to inform procurement decisions.

1. Supplier Relationship Management:

• Demonstrated experience in managing relationships with suppliers, including conducting supplier evaluations, negotiating pricing and terms, and resolving disputes or issues.
• Ability to establish and maintain long-term, strategic partnerships with key suppliers to ensure a reliable and competitive supply base.

1. Compliance and Risk Management:

• Knowledge of relevant laws, regulations, and industry standards related to contracts and foreign purchasing.
• Ability to develop and implement policies, procedures, and controls to ensure compliance and mitigate risks associated with contracts and international purchasing.

Key Functional Competencies:

1. Communication and Collaboration
2. Leadership and Decision-Making
3. Problem Solving