Purchase Head

jd - Strategic Sourcing
Cost Management:
Supplier Management:
Inventory Management:
Risk Management:
Compliance and Ethics:
Continuous Improvement: Job Title: Purchase Head / Head of Procurement / Strategic Sourcing Manager (Choose the most appropriate title)

Department: Procurement / Purchasing / Supply Chain

Reports to: Chief Operating Officer (COO) / Finance Director / Supply Chain Director

Job Summary:

The Purchase Head is responsible for leading and managing all procurement activities, focusing on strategic sourcing, cost management, supplier relationships, inventory optimization, risk mitigation, ensuring compliance, and driving continuous improvement within the procurement function. This role is crucial for maximizing value, minimizing costs, and ensuring a reliable supply chain.

Key Responsibilities:

Strategic Sourcing:

Develop and implement sourcing strategies aligned with business objectives.
Identify and evaluate potential suppliers based on quality, cost, delivery, and other key criteria.
Conduct market research and analysis to identify sourcing opportunities and trends.
Negotiate contracts and agreements with suppliers to secure favorable terms and conditions.
Develop and maintain a preferred supplier list.
Cost Management:

Develop and implement cost reduction strategies without compromising quality or service.
Analyze spending patterns and identify areas for cost savings.
Negotiate pricing and discounts with suppliers.
Implement cost control measures and monitor their effectiveness.
Track and report on cost savings achieved.
Supplier Management:

Build and maintain strong relationships with key suppliers.
Monitor supplier performance and address any issues or concerns.
Conduct regular supplier performance reviews.
Develop and implement supplier development programs.
Manage supplier contracts and agreements.
Inventory Management:

Develop and implement inventory management strategies to optimize inventory levels.
Monitor inventory levels and identify potential stockouts or overstock situations.
Implement inventory control measures and procedures.
Forecast demand and plan inventory accordingly.
Minimize inventory holding costs while ensuring sufficient stock availability.
Risk Management:

Identify and assess potential risks in the supply chain.
Develop and implement risk mitigation strategies.
Monitor and manage supply chain disruptions.
Ensure business continuity in the event of unforeseen circumstances.
Develop contingency plans.
Compliance and Ethics:

Ensure compliance with all relevant procurement policies, procedures, and regulations.
Promote ethical procurement practices and maintain high standards of integrity.
Develop and implement a code of conduct for suppliers.
Conduct regular audits to ensure compliance.
Continuous Improvement:

Identify opportunities for process improvement within the procurement function.
Implement best practices and innovative solutions.
Monitor key performance indicators (KPIs) and track progress.
Drive continuous improvement initiatives to enhance efficiency and effectiveness.
Benchmark against industry best practices.

Strategic Sourcing
Cost Management:
Supplier Management:
Inventory Management:
Risk Management:
Compliance and Ethics:
Continuous Improvement: