Job Summary:
The Purchasing Manager is responsible for overseeing the procurement of goods and services for the organization. This includes identifying suppliers, negotiating contracts, and ensuring that purchases are made in a cost-effective and timely manner. The Purchasing Manager will also be responsible for managing vendor relationships, monitoring inventory levels, and analyzing market trends to make informed purchasing decisions, as well as all other duties as assigned.
Key Responsibilities:
- Develop Purchasing Strategies: Create and implement effective purchasing strategies to optimize procurement processes and reduce costs.
- Vendor Management: Establish and maintain strong relationships with suppliers, negotiate contracts, and ensure compliance with agreements.
- Market Analysis: Analyze market trends and forecasts to make informed purchasing decisions and mitigate risks.
- Inventory Management: Monitor inventory levels and coordinate with internal teams to ensure adequate supply of materials and products.
- Cost Control: Track purchasing metrics and expenses to identify opportunities for cost savings and efficiency improvements.
- Collaboration: Work closely with stakeholders, including finance, operations, and logistics, to align purchasing activities with organizational goals.
- Compliance: Ensure adherence to company policies, legal regulations, and ethical standards in all purchasing activities.
- Oversee purchasing team, to include performance management, hiring, training, and ongoing development.
Qualifications and Experience:
- A bachelor’s degree in business, supply chain management, or a related field, or equivalent professional experience.
- Minimum of ten years’ experience in purchasing, procurement, or supply chain management.
- Previous experience in a leadership position preferred.
- Superior negotiation and communication skills to effectively manage vendor relationships and contracts.
- Proficient in data analysis and the ability to make data-driven decisions.
- Strong leadership skills to manage a team and drive purchasing initiatives.
- Technical Proficiency: Familiarity with procurement software and tools, as well as Microsoft Office Suite.
- Attention to detail.
- Ability to work well under pressure.
- Demonstrated knowledge of the principles of supply chain management.
- Able to perform the essential functions of the position with or without accommodation.