PROCUREMENT MANAGER
Educational Details: Bachelor degree
City: KENYA
State: Kisii
Postal Code: 00100
Recruiter: Neha Jain - +91 70697 10005
Qualifications: Bachelor degree
Created Date: 2025-01-16
Experience: year
Salary: 35000
Industry: Electrical Company
Openings: 1
Experience Requirements:
Procurement Strategy Development:
- Develop and implement procurement strategies to ensure the timely and cost-effective procurement of goods and services.
- Work closely with senior management to align procurement strategies with business goals.
- Evaluate and monitor procurement processes to ensure efficiency and effectiveness.
Supplier Management:
- Identify, select, and establish relationships with suppliers and vendors to source materials and services.
- Negotiate favorable terms, prices, and contracts with suppliers.
- Manage supplier performance, ensuring quality, delivery timelines, and cost targets are met.
- Develop and maintain long-term relationships with key suppliers to ensure business continuity and strategic sourcing.
Purchase Order Management:
- Oversee the creation, processing, and tracking of purchase orders.
- Ensure that purchase orders are accurately and promptly issued to suppliers and service providers.
- Monitor the delivery schedules and resolve any discrepancies or issues related to orders.
Inventory Management:
- Work with inventory management teams to ensure adequate stock levels, preventing both stockouts and overstocking.
- Monitor inventory turnover and adjust purchasing strategies accordingly to optimize working capital.
- Conduct regular inventory audits to ensure proper stock levels and prevent discrepancies.
Cost Control and Budgeting:
- Monitor and manage the procurement budget, ensuring that purchasing activities are within financial limits.
- Continuously evaluate and implement cost-saving initiatives without compromising quality or delivery.
- Track procurement expenses and report to senior management on variances from the planned budget.
Contract Negotiation and Compliance:
- Lead contract negotiations with suppliers to ensure compliance with company standards and procurement policies.
- Ensure contracts are in line with legal, regulatory, and internal policy requirements.
- Oversee and manage vendor agreements and monitor compliance with contract terms and conditions.
Market Research and Sourcing:
- Conduct market research to identify new suppliers, materials, or innovative technologies to improve procurement efficiency.
- Analyze market trends and economic factors affecting supplier pricing and availability.
- Stay up-to-date with industry trends and best practices in procurement.