The Senior Manager Procurement will be responsible for overseeing the sourcing, negotiation, and management of the procurement process to ensure the organization secures high-quality materials, goods, and services at competitive prices. This role is crucial for driving cost efficiencies, ensuring supply chain reliability, and supporting product innovation. The Senior Manager will lead procurement teams, build relationships with suppliers, and collaborate with cross-functional departments to meet the company's strategic objectives.
Key Responsibilities:
Strategic Procurement Planning:
- Develop and implement procurement strategies aligned with the company's business goals and market trends.
- Forecast and manage demand planning to ensure timely and cost-effective sourcing of materials and goods.
- Drive innovation by identifying new suppliers, products, and processes to improve the supply chain and product offerings.
Supplier Management:
- Build and maintain strong relationships with suppliers, ensuring compliance with quality, cost, and delivery requirements.
- Lead supplier selection, evaluation, and risk management to ensure reliable and ethical partnerships.
- Negotiate contracts, terms, and agreements to secure the best possible pricing and service levels.
Cost Management & Optimization:
- Develop cost-saving initiatives while maintaining product quality and supply chain efficiency.
- Monitor key spend categories and ensure procurement is aligned with budgetary goals.
- Implement data-driven decision-making tools to optimize procurement operations and identify opportunities for cost reduction.
Team Leadership & Development:
- Lead, mentor, and develop a team of procurement professionals, fostering a culture of collaboration and continuous improvement.
- Set performance goals, provide regular feedback, and support career development within the procurement team.
- Ensure compliance with company policies, regulations, and ethical standards.
Cross-functional Collaboration:
- Collaborate with supply chain, production, finance, and R&D teams to ensure that procurement aligns with overall business objectives.
- Act as a liaison between internal stakeholders and suppliers to ensure timely resolution of supply issues.
- Support new product development and market expansion initiatives through effective procurement planning.
Risk Management:
- Identify and mitigate potential risks in the supply chain, including disruptions, supplier failures, and geopolitical factors.
- Ensure business continuity by developing contingency plans for critical suppliers and materials.
- Monitor market trends, commodity prices, and regulatory changes that could impact the procurement landscape.
Technology & Process Improvement:
- Leverage procurement technology tools such as ERP systems to streamline processes and improve procurement accuracy and efficiency.
- Implement best practices and continuous improvement initiatives to enhance procurement effectiveness and productivity.
- Stay updated on industry trends, emerging technologies, and procurement innovations to maintain a competitive edge.
Key Qualifications:
- Education: Bachelor's degree in Supply Chain Management, Business Administration, or a related field; MBA or relevant certification (e.g., CIPS, CPSM) preferred.
- Experience: 8+ years of procurement experience, with at least 3 years in a leadership role, preferably in the consumer goods industry.
- Skills:
- Strong negotiation, analytical, and strategic thinking skills.
- Proven experience in supplier relationship management, contract negotiations, and cost reduction initiatives.
- Knowledge of procurement technologies, ERP systems, and data analytics tools.
- Excellent communication and interpersonal skills, with the ability to influence stakeholders and lead teams.
- Ability to manage multiple projects and priorities in a fast-paced environment.
Competencies:
- Strong business acumen and understanding of the consumer goods industry.
- Leadership skills with the ability to manage and inspire a high-performing procurement team.
- Problem-solving skills and a proactive approach to identifying and mitigating supply chain risks.
- High level of integrity and commitment to ethical procurement practices.
