Purchasing managers buy equipment, goods and services for their company.
Procurement Manager Job Description Template
Our company is looking for a Procurement Manager to join our team.
Responsibilities:
- Participate in continual development and publication of thought leadership and service offerings;
- Develop and implement purchasing programs that drive highest quality, lowest total cost and highest on-time delivery performance;
- Track and report key functional metrics to reduce expenses and improve effectiveness;
- Plan and implement component end of life strategies and prototype processing with selected suppliers;
- Expect unfavorable events through analysis of data and prepare control strategies;
- Performs other related duties as assigned;
- Cost improvements including purchase parts variance (PPV), material usage variance (MUV/VAVE), indirect spend and payment terms;
- Conduct price and/or cost analysis and write narrative to justify pricing as fair and reasonable;
- Examine and test existing contracts;
- Verifies purchase requisitions by comparing items requested to master list; clarifying unclear items; recommending alternatives;
- Work closely with Management Team to implement commercial strategy and identify ways to improve materials cost position;
- Discover profitable suppliers and initiate business and organizationpartnerships;
- Keeps information accessible by sorting and filing documents;
- Manage MRO and OEM purchasing processes;
- Develop, Organize and Track Company metrics/performance around Procurement activities.
Requirements:
- Ten or more years of relevant procurement experience;
- Knowledge of regulatory requirements applicable to the financial services industry;
- Strong problem-solving skills; ability to analyze data and identify trends;
- Strong verbal and written communication skills with ability to confidently present complex information;
- Travel may be up to 80-100%
- Experience with international sourcing, sourcing in Asia;
- Support Audits including Worker’s Compensation, Client and Independent Auditors;
- Solid judgement along with decision making skills;
- Strong leadership capabilities;
- Excellent strategic/critical thinking skills;
- Demonstrated oral and written communication and negotiation skills;
- Drive for Results;
- Ability to gather and analyse data and to work with figures;
- Good knowledgeof supplier or third party management software;
- Strong leadership, customer service, problem solving communication, negotiation, tact, judgment and organizational skills.