Purchase Manager / Procurement Manager/ Sourcing Manager

Key Responsibilities:

• Vendor Management: Develop, manage, and maintain strong, productive relationships with key suppliers and vendors, ensuring the continuous supply of quality products and services.
• Vendor Creation: Oversee the process of establishing new vendor accounts, ensuring compliance with company policies, and reviewing the reliability and financial stability of potential suppliers.
• Negotiation: Lead the negotiation of contracts, prices, and terms with suppliers to ensure competitive pricing, timely deliveries, and favorable conditions.
• Purchase Strategy: Develop and implement effective purchasing strategies aligned with the companys goals, optimizing supply chain efficiency and cost reduction.
• Supply Chain Coordination: Work closely with the logistics and inventory teams to ensure timely delivery of goods and services while managing supplier performance and resolving any supply-related issues.
• Market Research & Networking: Continuously research market trends, new products, and alternative suppliers. Build a robust network of industry contacts and engage with new suppliers to ensure a competitive edge.
• Budgeting and Cost Control: Monitor and control procurement budgets, ensuring cost-effective purchasing while maintaining quality standards.
• Compliance and Documentation: Ensure all purchasing activities comply with company policies, industry standards, and regulatory requirements. Maintain accurate records of transactions, contracts, and vendor communications.
• Reporting: Regularly report procurement performance, savings, and vendor issues to management, recommending improvements and strategies for more efficient purchasing processes.
• Inventory Management: Work with the inventory team to avoid overstocking and understocking, ensuring adequate supply levels while optimizing storage costs.

Skills and Qualifications:

• Education: Bachelors degree in Business Administration, Supply Chain Management, or related field (Master’s degree preferred).
• Experience: Minimum 2 years of experience in purchasing, procurement, or supply chain management.
• Negotiation Skills: Proven expertise in vendor negotiations, including contract terms, prices, and delivery schedules.
• Vendor Management: Strong experience in vendor creation, management, and performance monitoring.
• Communication: Excellent interpersonal and communication skills with the ability to establish relationships and collaborate with internal teams and external vendors.
• Analytical Skills: Strong analytical and problem-solving skills, with a keen attention to detail.
• Time Management: Ability to prioritize tasks and manage multiple projects simultaneously, ensuring timely execution.
• Software Proficiency: Experience with procurement software (e.g., SAP, Oracle, or other ERP systems), and proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).

Key Attributes:

• Strong leadership and team management skills
• Exceptional negotiation and problem-solving abilities
• High level of integrity and ethical standards
• Strong networking and relationship-building capabilities
• Strategic thinking with the ability to adapt to changing market conditions