Job Description

We are seeking an experienced and strategic Procurement Manager to oversee the company's purchasing and procurement activities. The incumbent will be responsible for developing procurement strategies, managing supplier relationships, negotiating contracts, ensuring cost efficiency, and maintaining compliance with company policies and regulatory requirements. The role plays a critical part in ensuring timely sourcing of quality products and services while optimizing overall procurement expenditure.

Key Responsibilities

Procurement & Sourcing

Develop and implement procurement strategies aligned with business objectives.
Source, evaluate, and appoint suppliers based on quality, pricing, reliability, and service standards.
Manage end-to-end procurement processes, including RFQs, tenders, vendor selection, and contract awards.
Negotiate pricing, terms, and contractual agreements to achieve cost savings and value enhancement.
Monitor market trends and identify alternative source opportunities.

Vendor & Contract Management

Build and maintain strong relationships with key suppliers and stakeholders.
Conduct periodic supplier performance reviews and audits.
Manage supplier contracts and ensure compliance with contractual obligations.
Resolve supplier-related issues, disputes, and performance concerns.

Cost Management & Budget Control

Identify cost-saving initiatives without compromising quality and service levels.
Track procurement spend and ensure adherence to approved budgets.
Prepare procurement reports, expenditure analysis, and management presentations.
Monitor procurement KPIs and drive continuous improvement initiatives.

Supply chain Management

Monitor stock levels and coordinate inventory replenishment to support business requirements.
Work closely with Sales and Operations teams on demand planning and inventory forecasting.
Identify supply chain risks and develop appropriate contingency and business continuity plans

Compliance & Risk Management

Ensure procurement activities comply with company policies, governance requirements, and regulatory standards.
Implement procurement controls and risk mitigation measures.
Maintain proper procurement records and ensure compliance with company policies and approval procedures.
Support audits and ensure proper documentation for compliance purposes.

Team Leadership

Lead, mentor, and develop procurement team members.
Establish procurement best practices and standard operating procedures.
Collaborate with cross-functional departments including Finance, Operations, HR, and Project Teams.

Requirements

Bachelor's Degree in Business Administration, Supply Chain Management, Procurement, Logistics, or related discipline.
Minimum 5-8 years of procurement experience, with at least 2-3 years in a managerial capacity.
Experience managing procurement budgets and supplier negotiations.
Familiarity with procurement systems, ERP platforms, and contract management processes.