Lead Procurement Officer at Wells Carlton Hotel & Apartments

Job Description

• A Lead Procurement Officer isa senior leader responsible for an organization's entire procurement strategy and operations, from sourcing and cost management to risk mitigation and supplier relationships.
• Key duties include developing and implementing purchasing strategies, negotiating contracts, leading the procurement team, ensuring compliance, and collaborating with other departments to align procurement with business goals.

Responsibilities
A Lead Procurement wears many hats, combining strategy, leadership, and hands-on decision-making. Here's what they typically do:

• Develop Procurement Strategies: design long-term plans to ensure the company gets the best value from suppliers while supporting business goals like cost savings, sustainability, or innovation.
• Manage Supplier Relationships: negotiate contracts, handle disputes, and build strong partnerships with key suppliers to ensure quality and reliability.
• Lead the Procurement Team: supervise purchasing managers, buyers, and other procurement staff, ensuring the team runs smoothly and meets performance targets.
• Control Budgets and Costs: monitor spending, find savings opportunities, and help departments stay within budget without sacrificing quality.
• Ensure Compliance and Risk Management: make sure all purchasing follows legal, ethical, and company standards, and they identify risks in the supply chain before they become problems.
• Support Sustainability and ESG Goals: play a role in helping the company meet environmental and social responsibility targets through ethical sourcing and sustainable practices.
• Procurement lead procure supplies wisely, oversee vendor relationships, negotiate contracts, lead teams and budgets to deliver value and lower costs.
• Strategic Sourcing and Supplier Management: investigate new vendors, contrast their products or services, negotiate prices, and establish trustworthy relationships. Monitor supplier performance, verify compliance with agreements over time, and modify sourcing plans to maintain cost savings, quality, and supply‑chain resilience.
• Contract Negotiation and Compliance: securing favorable terms that are business appropriate, locally and globally compliant, and liability reducing. Establish mechanisms to extend, audit, and administer contracts effortlessly in the long term.
• Team Leadership and Talent Development: An excellent team is everything. Procurement leaders analysts, and managers, mentoring them and spreading best practices. They promote career development through training initiatives and professional certifications, keeping their teams sharp on negotiation skills, market dynamics, and ethics-based sourcing principles.
• Budget and Cost Optimization: review buying data, identify waste or duplication, and negotiate volume discounts. synchronize procurement budgets with corporate priorities, project future requirements, and match short-term savings with long-term value creation.

Skills and Qualifications Needed
To thrive as Procurement Lead a potent blend of soft and technical skills is needed, including:

• Degree in supply chain management, or Business Administration.
• 3-6 years work experience.
• Advanced degrees (e.g., MBA) and professional certifications from CIPS or ISM is an added advantage.
• Strategic thinking and commercial acumen
• Strong negotiation skills and legal awareness
• Deep understanding of supply chain management and market demands
• Proficiency in data analysis, financial analysis, procurement software, and reporting
• Excellent relationship building with suppliers and stakeholders
• Leadership and change management skills
• Knowledge of ethical standards, climate change policies, and sustainability