The Procurement Manager is responsible for overseeing the procurement function, with a strong focus on global sourcing, vendor management, and total supply chain management (SCM) activities. This role requires a strategic, detail-oriented individual capable of identifying cost-effective procurement solutions, optimizing the supply chain, managing vendor relationships, and ensuring the timely delivery of goods and services in accordance with company standards and requirements. The Procurement Manager will be integral in aligning procurement practices with the organization's broader goals and objectives, driving efficiency, cost savings, and quality improvements across all supply chain processes.
Key Responsibilities
1. Global Sourcing and Vendor Management
- Vendor Identification & Selection: Identify, evaluate, and select global vendors who can provide high-quality products and services at competitive prices. Conduct thorough market research to source vendors from different regions and regions to enhance procurement options.
- Supplier Relationship Management: Develop and maintain strong relationships with global vendors and suppliers to ensure smooth and mutually beneficial business operations. Manage key supplier accounts, contract negotiations, and dispute resolutions.
- Negotiation & Contract Management: Lead global negotiations with suppliers to secure competitive pricing, favorable terms, and robust service level agreements (SLAs). Ensure compliance with all contractual obligations and monitor performance.
- Performance Monitoring: Track and evaluate vendor performance, ensuring consistent quality, on-time delivery, and cost control. Implement corrective actions where necessary to improve performance and mitigate supply chain disruptions.
- Global Sourcing Strategy: Develop and implement a global sourcing strategy aligned with the company's needs, ensuring the procurement of high-quality goods at the most competitive prices. This includes the identification of cost-effective alternatives and new suppliers to meet evolving business requirements.
2. Supply Chain Management (SCM)
- Supply Chain Optimization: Oversee the complete supply chain process from supplier selection through delivery, ensuring effective logistics, inventory control, and on-time product/service delivery.
- Forecasting & Demand Planning: Work closely with internal teams, including sales, production, and logistics, to forecast demand accurately and plan procurement schedules to ensure continuity of supply.
- Inventory Management: Ensure efficient inventory control and stock management, minimizing excess inventory while preventing stockouts and disruptions in production.
- Logistics & Distribution Coordination: Collaborate with logistics teams to ensure timely and cost-effective delivery of materials from global vendors, and troubleshoot any supply chain disruptions as they arise.
- Risk Management: Identify and assess potential risks in the supply chain, including geopolitical, logistical, and supplier risks, and implement mitigation strategies.
3. Procurement Process Improvement & Cost Management
- Cost Analysis & Control: Conduct detailed cost analysis and identify opportunities for cost savings in procurement. Implement and drive cost-saving initiatives and value-engineering projects, while maintaining quality and delivery standards.
- Process Optimization: Continuously evaluate and improve procurement and supply chain processes to enhance efficiency, streamline workflows, and reduce lead times.
- Reporting & Documentation: Maintain accurate and up-to-date records of procurement and supply chain activities, including vendor contracts, procurement orders, and delivery schedules. Provide regular reports on procurement activities, cost savings, and vendor performance.
4. Cross-Functional Collaboration
- Internal Stakeholder Coordination: Collaborate with key internal departments such as Finance, Legal, Operations, and Production to ensure that procurement activities align with company objectives and that all departments have the necessary materials and services for smooth operations.
- Strategic Sourcing Leadership: Partner with senior leadership to contribute to the long-term strategy for global procurement and supply chain management, ensuring that procurement objectives align with organizational goals.
5. Compliance & Sustainability
- Regulatory Compliance: Ensure that all procurement activities comply with local and international trade regulations, ethical standards, and corporate governance policies.
- Sustainability & Ethics: Develop and implement sustainable sourcing strategies, ensuring that vendors adhere to environmental, social, and ethical standards. Promote environmentally responsible procurement practices.
Key Requirements
Education & Experience
- Bachelor's Degree in Supply Chain Management, Business Administration, Engineering, or a related field.
- Master's Degree or professional certifications such as CIPS (Chartered Institute of Procurement & Supply), CPIM (Certified in Production and Inventory Management), or CSCP (Certified Supply Chain Professional) are desirable.
- Minimum 5-7 years of experience in procurement, sourcing, or supply chain management, with a significant portion of that time spent managing global vendors and complex supply chains.
- Proven experience in global sourcing, vendor management, and supply chain optimization.
Skills & Competencies
- Global Sourcing Expertise: Deep understanding of global markets, international trade regulations, and multi-country sourcing strategies.
- Vendor Relationship Management: Strong interpersonal skills and the ability to build and maintain strategic supplier relationships.
- Analytical Skills: Ability to analyze data and generate actionable insights related to cost, supplier performance, and procurement trends.
- Negotiation Skills: Exceptional negotiation and contract management skills, with a proven track record of securing favorable terms and cost savings.
- Project Management: Strong project management skills, with the ability to manage multiple procurement projects simultaneously and deliver on-time, within budget, and with quality.
- Communication Skills: Excellent verbal and written communication skills, with the ability to influence stakeholders and clearly communicate procurement goals and strategies.
- Problem-Solving Ability: Ability to think critically and make decisions to resolve supply chain disruptions and procurement challenges quickly and effectively.
- Technology Proficiency: Experience with procurement software (e.g., SAP, Oracle), vendor management systems, and advanced Excel for data analysis and reporting.
Working Conditions
- Full-time position with a standard workweek. Some global vendor meetings may require occasional travel or flexible working hours.
- The role may require periodic travel for site visits, supplier meetings, and industry events.
Performance Metrics
- Vendor Performance: Improvement in vendor delivery timelines, cost savings, and quality metrics.
- Procurement Cycle Time: Reduction in procurement lead time and enhanced efficiency in the supply chain.
- Cost Savings: Achievement of cost-saving targets through negotiations, strategic sourcing, and process improvements.
- Inventory Turnover: Efficient management of inventory levels to minimize stockouts and overstock situations.
- Stakeholder Satisfaction: Internal stakeholder satisfaction based on service levels, procurement quality, and timely delivery.
Looking for immediate joiners and only females are preferred. Interested Candidates can send their resume to [Confidential Information]
