Procurement Manager

Key Responsibilities

1. Procurement Planning & Management

• Develop procurement plans aligned with sales forecasts and overall business objectives.

• Control and manage procurement budgets and purchasing costs effectively.

• Establish, implement, and standardise purchasing policies, guidelines, and procedures.

2. Supplier Management

• Source, evaluate, select, and develop vendors and suppliers.

• Negotiate commercial terms, pricing, payment terms, and legal contracts.

• Build and maintain long-term, strategic relationships with key suppliers and business partners.

3. Cost Control & Optimization

• Analyze product costs and market benchmarks to identify savings opportunities.

• Explore new sourcing options and vendors to enhance competitive advantage.

• Implement cost-reduction initiatives without compromising product or service quality.

4. Inventory & Stock Management

• Plan and manage optimal inventory levels to support business continuity.

• Prevent stockouts, overstocking, and obsolete inventory.

• Collaborate closely with Sales, operations, management, logistics and related teams to ensure smooth supply chain flow.

5. Market Intelligence & Risk Management

• Monitor and analyze market price trends, raw material availability

• Identify potential supply chain risks and develop proactive mitigation strategies.

6. Team Leadership & People Development

• Lead, mentor, and develop the procurement team.

• Define team Key Performance Indicators (KPIs) and monitor performance.

• Conduct regular performance evaluations and design individual development plans.

7. Executive Reporting

• Prepare and present comprehensive purchasing performance summaries to senior management.

• Track and report cost savings achieved (Saving Cost Analysis).

• Provide regular updates on supplier performance ratings and supply chain risk assessments.

8. Ad-hoc Duties

• Perform other related duties and special projects as assigned by management.

Qualifications

• Bachelor’s degree in Business Administration, Supply Chain Management, Logistics,  or a related field.

• Minimum 7+ years of experience in purchasing, procurement, or supply chain management, with at least 2–3 years in a managerial or supervisory role.