Job Summary: The Senior Buyer will play a pivotal role in the procurement process, responsible for sourcing, negotiating, and purchasing high-quality products and services to meet the company's operational needs. This position requires a strategic thinker with strong analytical skills and the ability to foster relationships with suppliers while ensuring cost-effective purchasing practices.
Key Responsibilities:
Strategic Sourcing:
- Develop and implement sourcing strategies to optimize purchasing processes and reduce costs.
- Identify and evaluate suppliers to ensure high-quality products and services that meet organizational standards.
Negotiation:
- Lead negotiations with suppliers to secure favorable terms, pricing, and contracts.
- Analyze market trends and supplier performance to make informed purchasing decisions.
Supplier Management:
- Establish and maintain strong relationships with suppliers and vendors.
- Monitor supplier performance and compliance with contract terms, addressing any issues that arise.
Inventory Management:
- Collaborate with inventory management teams to forecast demand and ensure adequate stock levels.
- Analyze inventory turnover rates to improve purchasing strategies and reduce excess inventory.
Cross-Functional Collaboration:
- Work closely with other departments (e.g., Finance, Operations, and Marketing) to align procurement strategies with company goals.
- Participate in cross-functional projects to improve overall business efficiency.
Market Research:
- Conduct market research to stay updated on industry trends, pricing, and new products.
- Utilize data analysis to inform purchasing decisions and identify cost-saving opportunities.
Compliance and Reporting:
- Ensure compliance with company policies, industry regulations, and ethical standards in all purchasing activities.
- Prepare and present regular reports on procurement activities, supplier performance, and budgetary adherence to management.
Team Leadership:
- Mentor and guide junior buyers and procurement staff, fostering professional development and skill enhancement.
- Contribute to the continuous improvement of procurement processes and systems.
Qualifications:
- Education: Bachelor's degree in Business Administration, Supply Chain Management, or a related field; Master's degree or professional certification (e.g., C.P.M., C.P.S.M.) preferred.
- Experience: Minimum of 5-7 years of experience in procurement or purchasing, with a proven track record in strategic sourcing and supplier management.
- Skills:
- Strong negotiation and communication skills.
- Proficiency in procurement software and ERP systems.
- Excellent analytical and problem-solving abilities.
- Ability to work collaboratively in a fast-paced environment.
- Strong attention to detail and organizational skills.
