Purchasing Manager

Job Description

Job Description

The Purchasing Manager will oversee and direct the procurement of goods and services, with a strong focus on capital project purchasing. This role is responsible for ensuring our client obtains high-quality materials, equipment, and supplies on schedule and at the most cost-effective prices. By maintaining an efficient supply chain, the Purchasing Manager plays a key role in supporting the success of capital projects.

Key Responsibilities

• Capital Project Purchasing : Support large capital projects in coordination with the project team to negotiate, contract, order, and track all purchasing required for the projects to adhere to the project schedule and specifications.
• Sourcing and Vetting Suppliers: Identify, evaluate, and select potential suppliers based on factors such as quality, price, reliability, and ethical practices.
• Contract Negotiations: Work with vendors to negotiate favorable pricing, terms, and delivery schedules.
• Contract Management: Manage vendor/supplier contracts to ensure compliance with terms, cost efficiency, service/goods quality, and on-time performance
• Developing Strategy: Create and implement procurement strategies and policies to optimize costs, reduce risks, and improve efficiency.
• Managing Vendor Relationships: Build and maintain strong, long-term relationships with suppliers.
• Inventory Management: Analyze demand, forecast future needs, and monitor inventory levels to prevent shortages or excess stock.
• Cost Tracking: Track purchasing metrics and performance to identify areas for improvement and cost-saving opportunities.
• Collaboration: Planning and coordinating the work of buyers and purchasing agents, and handling staff training and management.
• Cost Reductions: Develop cost reduction strategies and savings plans for key or high-spend categories
• Compliance: Ensure compliance with internal controls and corporate policies by monitoring procurement activities and maintaining adherence to approved authorization limits.
• Purchase Orders/Requisitions: Review purchase orders/requisitions for accuracy and compliance while ensuring timely and efficient procurement of goods and services.
• Supervision: Supervise and provide guidance to the Purchasing team, including workload management, training, and performance support.
• Reporting: Monitor and track open purchase commitments, and prepare regular reports on vendor negotiations, contract status, and purchase order progress to support informed decision-making.

Required Skills & Qualifications

• Education: A bachelor's degree in business administration, supply chain management, finance, or a related field is preferred.
• Experience: Proven experience as a Purchasing Manager or in a similar role, with a strong understanding of contracts and supply chain management. Capital project experience preferred.

Key Skills

• Negotiation: Excellent negotiation and communication skills to effectively manage vendor relationships and contracts. The ability to secure the best deals and contracts.
• Analytical Skills: Use data to analyze market trends, evaluate proposals, and make informed decisions.
• Financial Acumen: Understand budgeting, cost management, and financial reporting.
• Leadership and Communication: Effectively manage a team and communicate with both internal departments and external suppliers.
• Attention to Detail: Ensuring accuracy in contracts, documentation, and data.
• Collaboration: Work collaboratively with other stakeholders, including accounting, finance, engineering, and the project team.