Procurement Lead at 500chow

About the Role

• The procurement Lead is responsible for developing procurement strategies, managing vendor relationships, optimizing procurement processes and ensuring cost- effective and efficient procurement of goods and services while maintaining quality compliance standards.

Job description

• Drive cost reduction initiative without compromising quality of service delivery.
• Ensure procurement activities adhere to legal and regulatory requirements.
• Build and maintain strong relationships with suppliers, update supplier information, negotiate contracts and ensure favorable terms and conditions. continuously access Vendor performance and take corrective measures when necessary.
• Discover profitable suppliers and initiate business and organization partnerships
• Approve the ordering of necessary goods, finalize purchase details of orders and deliveries.
• Track and report key functional metrics to reduce expenses and improve effectiveness
• Collaborate with key persons to ensure clarity of the specifications and expectations of the company
• Foresee alterations in the comparative negotiating ability of suppliers.
• Expect unfavorable events through analysis of data and prepare control strategies
• Control spend and build a culture of long-term saving on procurement costs.
• Reconcile all orders from purchase to delivery information
• Coordinate your team to procure and deliver all orders on time.
• Prepare reports on purchase and delivery for the week
• Preparing documentation and reports on process and procedures

Requirements

• 1-3 years proven experience in procurement ,with a track record of progressive responsibility and leadership roles
• Bachelor's degree in Business Administration, supply chain management, or related field.
• Strong negotiation and contract management skills.
• In Depth knowledge of procurement regulations, compliance standards and market trends.
• Experience in supplier relationship management and vendor performance evaluation.
• Proven experience in procurement, sourcing or supply chain management
• Strong communication and interpersonal skills.
• Attention to details and strong organizational skills.