Procurement Manager
Description
Procurement Manager
Job Purpose
Coordinate purchasing activities with manufacturing and sales departments to acquire raw materials, components, equipment, and services in a cost-effective and timely manner.
Key Accountabilities include (not limited to):
• Analyze vendor proposals, negotiate and close contracts, and provides recommendations to management.
• Ensure sourcing requirements are fully reflected in the purchase order and proper implementation of contracts.
• Practices Just In Time stock management and reduces lead times.
• Develop and implement inventory strategy to support production requirements consistent with inventory guidelines.
• Purchases items that may require some assessment of quality and/or compatibility.
• Reviews weekly output from internal customers such as Material Requirements Planning for requisitions.
• Maintains accurate master planning data in business systems.
• Responsible for operational relations with relevant suppliers and administers ongoing supplier management programs.
• Make medium-term forecast of cost price development.
• Successfully troubleshoots most supply bottlenecks/ inventory delays independently.
• Decide inventory strategy to ensure timely and adequate inventory flow.
• May recommend cost-saving proposals including make-versus-buy analysis, alternative sourcing and vendor evaluation criteria.
• Translate market developments and understand their impact on product flow, pricing, and availability.
