Job Description
- Manage vendor relationships and negotiate contracts to ensure favorable terms and conditions.
- Evaluate supplier performance and conduct supplier audits to ensure quality and compliance.
- Develop and maintain a database of qualified and reliable suppliers.
- Collaborate with stakeholders to select suppliers and develop a preferred vendor list.
Procurement Process Optimization:
- Streamline procurement processes to enhance efficiency and reduce costs.
- Implement procurement best practices and leverage technology solutions to automate and improve procurement processes.
- Establish and monitor key performance indicators (KPIs) to track procurement performance and identify areas for improvement.
- Identify opportunities for cost savings, value enhancement, and risk mitigation in the procurement process.
Contract Negotiation and Management:
- Lead contract negotiations with vendors to secure favorable terms and pricing.
- Review and analyze contracts to ensure compliance with legal and organizational requirements.
- Monitor contract performance and ensure timely renewal or termination of contracts as needed.
- Collaborate with legal and finance departments to ensure contract compliance and mitigate contractual risks.
Cross-Functional Collaboration:
- Work closely with internal stakeholders, such as finance, legal, and operations, to understand their procurement needs and align procurement activities with their requirements.
- Collaborate with cross-functional teams to support strategic initiatives and projects.
- Provide guidance and support to internal stakeholders on procurement policies, procedures, and best practices.
Requirements:
- Several years of experience in procurement or supply chain management, with progressively increasing responsibilities.
- Strong knowledge of procurement principles, best practices, and industry trends.
- Experience in vendor management, contract negotiation, and strategic sourcing.
- Familiarity with procurement software and enterprise resource planning (ERP) systems.
- Excellent negotiation and communication skills.
- Strong analytical and problem-solving abilities.
- Ability to work in a fast-paced environment and manage multiple priorities.
- Leadership and team management skills.
- Knowledge of relevant laws, regulations, and compliance requirements related to procurement.
Competencies:
- Communication and teamwork spirit.
- Problem-solving skills.
- Time management skills.
- Critical thinking and decision-making.
- Stress management skills.
- Strong analytical abilities.
- Excellent accounting knowledge.
- Proficient use of financial software.