Senior Purchasing Manager

Job Overview : The Senior Purchasing Manager oversees the company’s procurement strategy, managing the sourcing, purchasing, and inventory processes to ensure product availability while controlling costs. This role requires a strategic thinker with deep experience in wholesale distribution, vendor management, and supply chain optimization. The Director of Purchasing will work closely with cross-functional teams, including Sales, Operations, and Finance, to align purchasing activities with business objectives, drive efficiencies, and mitigate risks.

Key Responsibilities :

• Develop and implement the company’s sourcing strategy to ensure cost-effective procurement and high-quality product availability.
• Establish and nurture strong relationships with key suppliers to secure the best pricing, terms, and lead times.
• Negotiate contracts, terms, and pricing agreements with suppliers, focusing on long-term partnerships that support the company’s strategic goals.
• Monitor supplier performance and resolve issues related to delivery, quality, or other service factors.
• Oversee inventory management practices to optimize stock levels based on demand forecasts, minimizing both stock outs and excess inventory.
• Collaborate with Sales, Operations, and Finance to forecast demand, adjust purchasing plans, and maintain inventory aligned with sales objectives.
• Implement and monitor Just-in-Time (JIT) or other inventory strategies to manage working capital and storage costs effectively.
• Utilize analytics and market research to anticipate shifts in demand and manage supply chain disruptions.
• Develop and manage the annual purchasing budget, focusing on cost containment, budget compliance, and expense tracking.
• Analyze purchasing data to identify cost-reduction opportunities through sourcing, contract negotiations, or process improvements.
• Monitor product pricing trends and adjust purchasing strategies accordingly to protect against market volatility.
• Drive cost-saving initiatives, working closely with suppliers and internal departments to achieve financial objectives.
• Assess and mitigate risks associated with supply chain disruptions, such as geopolitical risks, environmental events, and supplier performance issues.
• Ensure purchasing practices comply with relevant laws, industry standards, and internal policies, including environmental and social responsibility initiatives.
• Conduct supplier audits and implement a robust vendor qualification process to maintain a reliable supplier base.
• Partner with Sales to align purchasing activities with market demands, supporting the company’s revenue goals and service levels.
• Work with Operations and Logistics to ensure timely product delivery, optimal storage, and efficient distribution.
• Coordinate with Finance to provide accurate budgeting, cost forecasting, and inventory reporting.
• I lead, coach, and develop a team of procurement specialists and buyers, fostering a collaborative, results-driven culture.
• Set performance goals, monitor team progress, and provide feedback to ensure alignment with departmental and organizational goals.
• Develop training and career development opportunities to build a high-performing purchasing team.

Qualifications