The Senior Procurement Strategy Manager is responsible for developing and implementing procurement strategies that align with the company's business objectives. This role involves leading procurement initiatives, optimizing procurement processes, managing supplier relationships, and driving cost efficiencies. The ideal candidate will have extensive experience in procurement, strong analytical skills, and the ability to lead cross-functional teams.
Key Responsibilities:
Strategic Planning:
- Develop and execute comprehensive procurement strategies that support the company's goals and objectives.
- Identify and evaluate new sourcing opportunities to drive cost savings and improve supply chain efficiencies.
Supplier Management:
- Establish and maintain strong relationships with key suppliers.
- Negotiate contracts, terms, and conditions with suppliers to secure favorable terms and mitigate risks.
- Monitor supplier performance and address any issues related to quality, delivery, or pricing.
Cost Management:
- Analyze market trends and conditions to identify cost-saving opportunities.
- Implement cost reduction initiatives and track their impact on the procurement budget.
- Develop and manage the procurement budget, ensuring alignment with financial targets.
Process Optimization:
- Lead continuous improvement initiatives to enhance procurement processes and systems.
- Implement best practices and standardize procurement procedures across the organization.
- Utilize technology and data analytics to streamline procurement activities and improve decision-making.
Compliance and Risk Management:
- Ensure procurement activities comply with company policies and regulatory requirements.
- Identify and mitigate risks associated with the procurement process, including supply chain disruptions and supplier dependencies.
- Develop and implement contingency plans to address potential procurement risks.
Stakeholder Collaboration:
- Work closely with internal stakeholders, including finance, operations, and product development, to understand their needs and align procurement strategies accordingly.
- Facilitate effective communication and collaboration between procurement and other departments.
Qualifications:
- Bachelor's degree in Business, Supply Chain Management, or a related field. A Master's degree or relevant certification (e.g., CPSM, CIPS) is preferred.
- Minimum of 3-5 years of experience in procurement, with a focus on strategic sourcing and supplier management.
- Proven track record of developing and implementing successful procurement strategies.
- Strong negotiation, contract management, and analytical skills.
- Excellent leadership and team management abilities.
- Proficiency in procurement software and data analysis tools.
- Strong understanding of market dynamics, supply chain management, and procurement best practices.
- Exceptional communication and interpersonal skills.
