Role and Responsibilities:
- Develop procurement strategies in line with organizational objectives and adapt them to market dynamics.
- Cultivate relationships within the organizational network and with external vendors to optimize procurement transactions and stay updated on market trends.
- Define procurement targets and Key Performance Indicators (KPIs) in alignment with business strategies.
- Establish selection processes and criteria for potential vendors.
- Implement robust audit procedures for procurement documentation to manage risks and ensure compliance.
- Enforce corporate governance, including adherence to procurement laws, ethical sourcing, and sustainability standards.
- Utilize technology applications such as ERP systems, AI, or blockchain to enhance productivity and innovation.
- Innovate work processes through feedback loops and continuous improvement initiatives.
- Set clear criteria for vendor proposals to ensure alignment with organizational needs.
- Oversee vendor sourcing and endorse vendors for negotiations.
- Lead contract negotiations and modifications based on vendor performance and quality standards.
- Forecast inventory requirements based on business needs and market trends.
- Approve vendor payments upon verification of product deliveries.
- Manage the department's financial budgeting and allocation processes.
- Facilitate professional and career development of team members.
- Oversee recruitment and retention efforts within the department.
- Review and analyze work outcomes to assess process effectiveness.
Requirements:
- Bachelor Degree (Procurement, Supply Chain Management, Finance, Business Administration, or related field.)
- Minimum of 10 years' procurement experience, including 3 years in a managerial role.
- Knowledge of contract law and industry regulations.
- Proficiency in financial planning and budget management.
- Strong leadership skills and expertise in procurement practices.
- Ability to collaborate with diverse business units and stakeholders.
- Results-oriented with effective communication skills for strategic planning.
