Key Responsibilities:
Strategic Sourcing and Procurement:
- Develop and execute strategic sourcing plans to meet the company's procurement goals and objectives.
- Identify and evaluate potential suppliers, ensuring they meet the company's quality, cost, and delivery standards.
- Lead negotiations with suppliers to secure favorable terms, pricing, and long-term contracts.
Supplier Relationship Management:
- Establish and maintain strong relationships with key suppliers to ensure reliable and cost-effective sourcing.
- Conduct regular performance evaluations of suppliers and implement improvement plans as needed.
- Collaborate with suppliers to drive innovation, improve quality, and reduce costs.
Cost Management and Optimization:
- Identify cost-saving opportunities and implement strategies to achieve procurement cost reduction targets.
- Conduct spend analysis and market research to inform sourcing decisions and identify best practices.
- Collaborate with finance and operations teams to ensure alignment of procurement strategies with budgetary and operational requirements.
Process Improvement and Efficiency:
- Continuously assess and improve procurement processes to enhance efficiency, reduce costs, and mitigate risks.
- Implement best practices in strategic sourcing and supply chain management, leveraging technology and data analytics.
- Ensure compliance with company policies, industry regulations, and ethical standards in all procurement activities.
Team Leadership and Development:
- Lead, mentor, and develop a high-performing sourcing team, fostering a culture of excellence and accountability.
- Set clear performance objectives, provide regular feedback, and support professional development opportunities for team members.
Risk Management:
- Develop and implement risk management strategies to mitigate potential disruptions in the supply chain.
- Stay informed of industry trends, market conditions, and regulatory changes impacting the machinery supply chain.
- Proactively address supply chain risks and develop contingency plans.
Qualifications:
- Bachelor's degree in Supply Chain Management, Business Administration, Engineering, or a related field. Master's degree preferred.
- Minimum of 8-10 years of experience in strategic sourcing or procurement within the machinery or manufacturing industry.
- Proven track record of successfully managing procurement initiatives and supplier relationships.
- Strong negotiation, contract management, and analytical skills.
- Excellent leadership and team management capabilities.
- Exceptional communication and interpersonal skills.
- Ability to work effectively in a fast-paced, dynamic environment.
- Proficiency in procurement software and tools.
