Job Description
The Procurement Manager serves as the strategic lead for sourcing, purchasing, and vendor management activities, ensuring cost-effective acquisition of goods and services while maintaining quality standards and compliance requirements.
Strategic Procurement Leadership Develops and implements procurement strategies aligned with organizational objectives, identifying opportunities for cost savings, process improvements, and supplier consolidation. Establishes procurement policies and procedures that balance cost efficiency with quality requirements and risk management. Conducts market analysis to understand supply trends, pricing dynamics, and emerging vendor capabilities.
Vendor Management and Relationships Manages the complete vendor lifecycle from identification and qualification through contract negotiation and performance monitoring. Builds and maintains strategic partnerships with key suppliers to ensure reliable service delivery and favorable terms. Conducts regular supplier performance reviews and implements improvement plans when needed. Maintains an approved vendor database and oversees vendor onboarding processes.
Contract Management and Compliance Negotiates contracts and service level agreements to secure optimal terms while protecting organizational interests. Ensures all procurement activities comply with internal policies, industry regulations, and legal requirements. Reviews and approves purchase orders, managing approval workflows and spending authorizations. Maintains contract documentation and ensures timely renewals or terminations.
Financial Management and Reporting Manages procurement budgets and spending forecasts, tracking performance against targets and identifying variances. Develops cost analysis and benchmarking reports to support decision-making. Implements cost control measures and identifies savings opportunities through strategic sourcing initiatives. Provides regular reporting on procurement metrics including spend analysis, supplier performance, and cost savings achieved.
Cross-Functional Collaboration Partners with internal stakeholders including facilities, IT, finance, and operations teams to understand requirements and align procurement activities with business needs. Participates in project planning to ensure procurement considerations are integrated into timelines and budgets. Coordinates with legal and risk management teams on contract terms and supplier risk assessments.
Team Leadership and Development Supervises procurement staff, providing guidance on complex sourcing decisions and professional development opportunities. Establishes performance standards and conducts regular team evaluations. Mentors junior team members on procurement best practices, negotiation techniques, and supplier relationship management.
