Job Purpose:

The Procurement Manager is responsible for overseeing all purchasing activities for both local and international suppliers. The role focuses on ensuring the timely acquisition of high-quality goods and services at competitive prices while maintaining optimal inventory levels. This position plays a key role in managing vendor relationships and negotiating contracts to support the company’s operational and strategic goals.

Key Responsibilities:

1. Strategic Procurement:

Develop and implement procurement strategies for local and international sourcing to meet business objectives.

Analyze market trends and supplier conditions to optimize procurement processes and costs.

Establish and maintain strong relationships with key suppliers, both locally and globally.

2. Supplier Management:

Identify, evaluate, and select new suppliers for products, materials, and services.

Monitor supplier performance through KPIs, ensuring quality, delivery, and cost-effectiveness.

Negotiate contracts, terms, and conditions with suppliers, ensuring optimal pricing and service levels.

3. Purchasing Operations:

Oversee the end-to-end procurement process, from requisition to purchase order to goods receipt.

Manage local and foreign procurement activities, including shipping, customs clearance, and import/export regulations.

Ensure the timely procurement of goods while minimizing inventory holding costs.

4. Cost Management:

Drive cost-saving initiatives and continuous improvement in procurement processes.

Conduct cost analysis to identify opportunities for reducing procurement expenses.

Ensure adherence to budgetary targets and financial objectives.

5. Compliance and Risk Management:

Ensure compliance with local and international procurement regulations, laws, and standards.

Assess and mitigate risks in the supply chain, including potential disruptions in global sourcing.

Maintain accurate records and documentation for audits and internal controls.

6. Team Management:

Lead and mentor the procurement team, fostering a culture of accountability and performance.

Set objectives and performance targets for the team, ensuring alignment with company goals.

Facilitate training and development for procurement staff to enhance skills and competencies.

7. Collaboration:

Work closely with cross-functional teams, including finance, operations, logistics, and production, to ensure smooth and efficient procurement processes.

Collaborate with international partners, vendors, and logistics providers to manage global sourcing activities effectively.

8. Technology and Reporting:

Utilize procurement software and ERP systems to manage procurement activities efficiently.

Generate regular reports on procurement activities, including cost savings, supplier performance, and inventory levels.