Procurement Manager

 

The Procurement Manager will be responsible for handling the procurement process, sourcing suppliers and managing vendor relationships to ensure a seamless supply chain and optimize costs.

This position will also collaborate with cross-functional teams, make strategic decisions and implement best practices within Standlee’s procurement function.  

Key Performance Areas (Essential Functions of the Position)  


* Implement and manage ERP system to streamline processes.


* Develop, lead, and execute procurement strategies aligned with company objectives.


* Identifying, evaluating and selecting suppliers based on quality, reliability, cost-effectiveness and adherence to ethical and sustainability standards.


* Identify and mitigate procurement risks and supply chain disruptions.


* Analyze market trends and supplier performance to reduce procurement costs.


* Negotiating contracts and terms with suppliers to ensure favorable pricing, payment terms and mutually beneficial agreements.


* Collaborating with internal stakeholders to understand their requirements and align procurement activities with organizational goals.


* Conducting market research and analysis to stay updated on industry trends, supplier capabilities and pricing fluctuations.


* Managing supplier relationships, including ongoing performance evaluation, issue resolution and fostering long-term partnerships.


* Monitoring inventory levels, analyzing demand patterns and implementing inventory management strategies to manage stock levels and avoid shortages or excesses. 


* Develop KPIs and regularly report on procurement metrics and cost-saving initiatives. 

 

Key Success Factors for Position 

·         Implement procurement systems and tools to streamline processes and enhance efficiency.

·         Source and negotiate with potential suppliers, assess their capabilities and evaluate their suitability based on predefined criteria.

·         Manage supplier relationships, including regular communication, performance evaluations and issue resolution.

·         Collaborate with internal stakeholders to understand their requirements and develop procurement plans accordingly.

·         Analyze inventory levels, demand forecasts and consumption patterns to optimize stock levels and reduce carrying costs.

·         Continuously evaluate and improve procurement practices, including identifying cost-saving opportunities and process enhancements.

·         Prepare and present reports on procurement activities, performance metrics and cost savings to higher management.

·         Develop and maintain procurement metrics to track performance, identify areas for improvement and report on sourcing effectiveness.

·         Implement sustainable and socially responsible strategic sourcing practices, including supporting local suppliers and promoting et...