Job Scope:
Head of Procurement is responsible for overseeing an organization's entire procurement process, which includes developing and executing procurement strategies, managing supplier relationships, negotiating contracts, ensuring compliance with regulations, leading a procurement team, setting the procurement budget, and identifying cost-saving opportunities across all purchasing activities.
Line Manager: Head of Supply Chain
Direct Reports: Procurement Category Managers, Procurements Compliance Managers
Job Classification: Senior Management
Key Tasks and Responsibilities:
- Strategic Procurement Planning: Creating and implementing a comprehensive procurement strategy aligned with the company's overall business goals.
- Supplier Management: Building and maintaining strong relationships with key suppliers, evaluating their performance, and managing contract renewals.
- Contract Negotiation: Negotiating favorable terms and pricing with suppliers on contracts, ensuring value for money and risk mitigation.
- Cost Optimization: Identifying cost-saving opportunities through supplier consolidation, price analysis, and contract optimization.
- Team Leadership: Leading and managing a team of procurement professionals, including setting goals, providing coaching, and performance evaluation.
- Spend Analysis: Analyzing purchasing data to identify trends, areas for improvement, and potential cost reduction opportunities.
- Compliance Management: Ensuring adherence to all relevant procurement policies, procedures, and regulatory requirements.
- Stakeholder Engagement: Collaborating with cross-functional teams across the organization to understand their procurement needs and align procurement strategy accordingly.
- ·Risk Management: Identifying and mitigating potential risks associated with procurement, such as supplier disruptions or quality issues.
- Technology Implementation: Evaluating and implementing procurement software and tools to streamline processes and improve efficiency
Requirements
- Possession of a Bachelor's degree in Business Administration, Supply Chain Management, Engineering, or a related discipline; an MBA will be considered an advantage.
- Certification as a Professional in Supply Management (CPSM), membership in the Chartered Institute of Procurement & Supply (CIPS), or credential as a Certified Supply Chain Professional (CSCP).
- A minimum of 15 years of experience in procurement is required, with at least 5 years in Executive Management.
- Proven experience in a senior purchasing management role within a tier 1 organization.
- Demonstrated success in developing commodity strategies focused on cost improvement.
- Familiarity with standard industry ERP systems is necessary.
- Experience collaborating with global purchasing organizations and suppliers.
- Strong understanding of the fundamentals of purchasing.
Skills & Competence: Negotiation, Strategic Sourcing, Market Research, Supplier Management, Contract Management, Financial Analysis, Risk Management, Data Analysis.
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