Role Summary
The Purchasing Director is responsible for overseeing the procurement function within the organization, managing all aspects of sourcing, supplier relationships, inventory control, and cost management. This role plays a critical part in ensuring that the company acquires the necessary goods and services at competitive prices while maintaining high quality and compliance with all relevant regulations. The Purchasing Director will lead the purchasing team, drive cost-saving initiatives, and develop strategies for inventory optimization, supplier management, and vendor relationships.
Key Responsibilities
1. Sourcing and Supplier Management:
- Lead the sourcing and selection of suppliers to meet the company’s procurement needs.
- Develop and maintain strong, long-term relationships with key suppliers and vendors.
- Conduct supplier performance evaluations, ensuring they meet quality, delivery, and cost standards.
2. Inventory Control:
- Oversee inventory levels to ensure optimal stock levels while minimizing excess inventory and stockouts.
- Implement inventory management best practices, including regular stock audits and cycle counts.
3. Cost Management:
- Monitor and manage procurement budgets, ensuring spending is within approved limits.
- Analyze purchase data to identify opportunities for cost reductions, process improvements, and supplier consolidation.
4. Forecasting and Planning:
- Collaborate with internal stakeholders (e.g., production, sales, operations) to understand future demand and business requirements.
- Develop purchasing forecasts based on historical data, market trends, and future business needs.
5. Compliance and Safety:
- Stay informed about legal and regulatory changes affecting procurement, including import/export laws, tax regulations, and environmental considerations.
- Monitor and enforce safety standards for goods and services procured, ensuring compliance with health, safety, and environmental guidelines.
6. Vendor and Contract Management:
- Develop and manage vendor relationships, ensuring that contracts are up to date and favorable for the organization.
- Negotiate contracts with suppliers and ensure contract terms are adhered to, including pricing, delivery schedules, and quality standards.
Requirements
1. Education & Experience:
- Bachelor’s degree in Supply Chain Management, Business Administration, or a related field (required).
- A minimum of 7-10 years of experience in purchasing or procurement, with at least 3-5 years in a leadership or management role.
- Experience in strategic sourcing, supplier negotiation, and cost management.
2. Skills & Competencies:
- Strong leadership and team management skills, with the ability to inspire and develop a high-performing purchasing team.
- Deep understanding of inventory management, procurement processes, and supply chain dynamics.
- Strong analytical skills, with the ability to evaluate suppliers and purchasing data for decision-making.
- High proficiency with procurement software, ERP systems, and Microsoft Office Suite (Excel, Word, PowerPoint).
3. Other Qualifications:
- Knowledge of relevant procurement laws and regulations.
- Ability to manage multiple projects and deadlines in a fast-paced environment.
- Strong organizational and time-management skills.
- Professional certifications in procurement or supply chain management (e.g., CPSM, CPIM, or similar) are a plus.
