Procurement Manager

This role is responsible for all procurement and purchasing activities focusing on sourcing, negotiating, and securing the best prices for a commodity focused material.

Responsibilities:

• Work closely with the sales, operations, and inventory teams to ensure product availability, cost efficiency, and timely delivery
• Identify, evaluate, and establish relationships with reliable suppliers and vendors. Negotiate pricing, terms, and delivery schedules to secure the best possible deals.
• Develop and implement a comprehensive purchasing strategy to optimize inventory levels, manage supply chain risks, and meet customer demands effectively.
• Collaborate with the inventory and warehouse teams to ensure that product levels are aligned with demand forecasts. Monitor stock levels, order quantities, and reorder points to minimize stockouts or overstock situations.
• Monitor purchasing costs and work within established budgets to maintain financial targets. Identify cost-saving opportunities without compromising on quality or delivery timelines.
• Oversee the order cycle, from purchase requisition to order fulfillment. Ensure that orders are processed promptly and accurately, with attention to detail on specifications, quantities, and delivery dates.
• Lead price negotiations with existing and potential suppliers. Establish contracts with favorable terms to improve purchasing efficiency and reduce overall material costs.
• Stay informed on market trends, supply chain disruptions, and material availability to anticipate potential challenges and adjust purchasing strategies accordingly.
• Provide regular purchasing reports, inventory analysis, and supplier performance reviews for senior management. Use data to forecast future purchasing needs and adjust strategies as needed.
• Ensure all purchasing activities adhere to company policies, industry standards, and regulatory requirements

Requirements:

• Bachelor’s degree in supply chain management, or similar field is preferred.
• At least 5-10 years of direct experience in a purchasing or procurement manager role, preferably within a commodity focused industry.
• Must have experience managing others within the department
• Proven experience managing supplier relationships and negotiating contracts.

Skills & Abilities:

• Strategic thinking skills, strong negotiation, and attention to detail
• Ability to manage relationships with suppliers and vendors
• Excellent organizational and time management abilities
• Knowledge of inventory management software and ERP systems – preferably Oracle’s NetSuite
• Ability to analyze market trends and purchasing data to make informed decisions
• Strong problem-solving skills and ability to handle purchasing-related issues in a timely and effective manner
• Knowledge of cost analysis and financial forecasting