Purchasing Manager (3-5 yrs)

About the job:

Procurement and Sourcing:

- Vendor Management: Identify, evaluate, and build strong relationships with reliable suppliers.

- Negotiation: Negotiate favorable contracts and pricing with vendors to secure the best deals.

- Market Research: Stay updated on market trends, pricing, and new suppliers to optimize procurement strategies.

- Quality Assurance: Ensure that purchased goods and services meet the highest quality standards.

Inventory Management:

- Stock Control: Monitor inventory levels closely to avoid shortages or overstocking.

- Forecasting: Analyze consumption patterns to accurately predict future needs.

- Cost Control: Implement strategies to minimize waste and optimize inventory costs.

Financial Management:

- Budgeting: Develop and manage the purchasing budget to align with overall business goals.

- Cost Analysis: Track and analyze purchasing expenses to identify cost-saving opportunities.

- Financial Reporting: Provide regular reports on purchasing activities and financial performance.

Team Management:

- Team Leadership: Oversee and manage a team of purchasing staff.

- Training and Development: Provide training to the team on procurement policies, procedures, and supplier relationships.

- Performance Evaluation: Conduct regular performance reviews to assess team members' contributions.

Additional Responsibilities:

- Compliance: Ensure adherence to all relevant laws, regulations, and company policies.

- Sustainability: Promote sustainable sourcing practices and reduce the environmental impact of purchasing decisions.

- Risk Management: Identify and mitigate potential risks associated with procurement activities.