Head of Procurement
Head of Procurement
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Job Description
Job Title/ Position: Head of Procurement
Job Scope: Head of Procurement is responsible for overseeing an organizations entire procurement process which includes developing and executing procurement strategies managing supplier relationships negotiating contracts ensuring compliance with regulations leading a procurement team setting the procurement budget and identifying cost-saving opportunities across all purchasing activities.
Line Manager: Head of Supply Chain
Direct Reports: Procurement Category Managers Procurements Compliance Managers
Job Classification: Senior Management
Key Tasks and Responsibilities:
- Strategic Procurement Planning: Creating and implementing a comprehensive procurement strategy aligned with the companys overall business goals.
- Supplier Management: Building and maintaining strong relationships with key suppliers evaluating their performance and managing contract renewals.
- Contract Negotiation: Negotiating favorable terms and pricing with suppliers on contracts ensuring value for money and risk mitigation.
- Cost Optimization: Identifying cost-saving opportunities through supplier consolidation price analysis and contract optimization.
- Team Leadership: Leading and managing a team of procurement professionals including setting goals providing coaching and performance evaluation.
- Spend Analysis: Analyzing purchasing data to identify trends areas for improvement and potential cost reduction opportunities.
- Compliance Management: Ensuring adherence to all relevant procurement policies procedures and regulatory requirements.
- Stakeholder Engagement: Collaborating with cross-functional teams across the organization to understand their procurement needs and align procurement strategy accordingly.
- Risk Management: Identifying and mitigating potential risks associated with procurement such as supplier disruptions or quality issues.
- Technology Implementation: Evaluating and implementing procurement software and tools to streamline processes and improve efficiency
Requirements
- Possession of a Bachelors degree in Business Administration Supply Chain Management Engineering or a related discipline; an MBA will be considered an advantage.
- Certification as a Professional in Supply Management (CPSM) membership in the Chartered Institute of Procurement & Supply (CIPS) or credential as a Certified Supply Chain Professional (CSCP).
- A minimum of 15 years of experience in procurement is required with at least 5 years in Executive Management.
- Proven experience in a senior purchasing management role within a tier 1 organization.
- Demonstrated success in developing commodity strategies focused on cost improvement.
- Familiarity with standard industry ERP systems is necessary.
- Experience collaborating with global purchasing organizations and suppliers.
- Strong understanding of the fundamentals of purchasing.
Skills & Competence: Negotiation Strategic Sourcing Market Research Supplier Management Contract Management Financial Analysis Risk Management Data Analysis.
Required Experience:
Director
Employment Type
Full-Time
