Procurement Manager

Procurement Manager

Englewood Cliffs, New Jersey, United States

Procurement Manager

1. Procurement Planning & Strategy Development - Develop and implement purchasing strategies aligned with the purchasing policies of headquarter. Create and execute purchasing strategies aimed at optimizing costs and operation efficiency. Forecast demand and align procurement activities with logistics needs. Actively collaborate with relevant department including headquarters procurement planning team and adhere to the established reporting structure. Conduct market research, manage sourcing groups (vendor pool), and issue strategic reports for each sourcing group.

2. Establishment and Management of Supplier Operations Structure - Identify, evaluate, and select reliable new suppliers for logistics-related purchasing. Enhance the management of existing suppliers (vendor sourcing group management, vendor pool updates & cleansing, service quality related KPI management, etc.). Lead bidding processes and negotiations to reduce costs and improve service quality. Maintain strong relationships with vendors to ensure on-time delivery and resolve business issues. Publish profiles of key vendors, identify top-performing vendors, and optimize the vendor pool.

3. Cost Management and Budget Control - Monitor and manage procurement costs while maintaining service quality standards. Develop cost-saving initiatives and evaluate procurement performance. Ensure compliance with budget control and Payment Terms

4. Purchase Order & Inventory Management - Manage the purchasing process, including purchase order, approval and execution. Monitor inventory of logistics materials (e.g., packaging materials, warehouse supplies) Coordinate with warehouse teams to optimize stock levels and prevent shortages.

5. Compliance & Risk Management - Ensure procurement activities comply with company policies and legal regulations. Assess and mitigate risks related to supplier reliability, contract terms, and market fluctuations. Supervise documents, records, for Jeong-Do Management(Audit, Compliance, and Other Related Activities) and verify compliance with internal regulations.

6. Performance Monitoring & Reporting - Track supplier performance and resolve issues related to quality or delivery delays. Publish reports on procurement efficiency, cost savings, and vendor evaluations. Recommend improvements to enhance procurement processes and supply chain resilience.