Procurement Manager at Frank Management Consult Ltd

Key Responsibilities

• Develop and implement procurement strategies, policies, and procedures to ensure an efficient and cost-efficient procurement process.
• Identify, evaluate, and select reliable suppliers and vendors based on quality, cost, reliability, and delivery time.
• Negotiate contracts, terms, and conditions with suppliers to ensure favourable pricing and contractual terms.
• Monitor supplier performance, conduct regular supplier evaluations, and address any issues or concerns promptly.
• Collaborate with internal stakeholders to understand their procurement needs and requirements and provide guidance and support throughout the procurement process.
• Maintain accurate and up-to-date records of procurement activities, including purchase orders, contracts, and supplier information.
• Develop and maintain strong relationships with suppliers and vendors to foster long-term partnerships and drive continuous improvement.
• Stay updated on market trends, new products, and industry developments to identify potential cost savings opportunities and innovative procurement solutions.
• Conduct market research and analysis to identify potential new suppliers and evaluate their capabilities and suitability.
• Lead cross-functional teams in the evaluation and selection of suppliers for major contracts and projects.
• Ensure compliance with procurement policies, legal requirements, and ethical standards.
• Provide regular reports and updates on procurement activities, including key performance indicators, cost savings, and supplier performance.

Requirements:

• Bachelor's degree in Business Administration, Supply Chain Management, or a related field. A master's degree or professional certification in procurement or supply chain management is preferred.
• Proven experience of 5 years as a Procurement Manager or in a similar procurement leadership role.
• In-depth knowledge of procurement best practices, principles, and methodologies.
• Upholding the highest standards of professional conduct, acting with honesty and integrity and any form of unethical behavior.
• Strong negotiation skills and the ability to build and maintain relationships with suppliers and stakeholders.
• Solid understanding of contract management and legal requirements related to procurement.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong organizational and time management abilities with the ability to manage multiple projects simultaneously.
• Proficient in using procurement software and tools.
• Excellent verbal and written communication skills.
• Demonstrated ability to work collaboratively in a cross-functional team environment