Procurement Lead at FairMoney

About The Role:

• We are seeking a dynamic and results-oriented Procurement Lead to join our team. This role will focus on driving cost savings and optimizing procurement strategies on a global scale. The ideal candidate will have extensive experience in contract negotiation, supplier management, and strategic sourcing.

Key Responsibilities:

Cost Savings Initiatives:

• Develop and implement strategies to achieve significant cost reductions across all procurement categories.

Contract Management:

• Lead the renegotiation of existing contracts to secure more favorable terms, conditions, and pricing structures.

Supplier Relationship Management:

• Build and maintain strong relationships with suppliers to foster collaboration and drive performance improvements.

Global Sourcing Strategy:

• Identify and evaluate potential suppliers globally, ensuring alignment with company goals and objectives.

Market Analysis:

• Conduct thorough market research to stay informed about industry trends, pricing fluctuations, and new sourcing opportunities.

Cross-Functional Collaboration:

• Work closely with internal stakeholders, including finance, operations, and product development, to align procurement strategies with business needs.

Performance Metrics:

• Establish and monitor key performance indicators (KPIs) for procurement activities, ensuring continuous improvement and accountability.

Risk Management:

• Identify and mitigate potential risks within the supply chain, ensuring business continuity.

Requirements

Qualifications:

• Bachelor’s degree in Business, Supply Chain Management, or a related field; MBA preferred.
• 7+ years of experience in procurement, with a focus on cost savings and contract negotiation.
• Proven track record of achieving significant cost reductions in a global context.
• Strong analytical skills and experience with procurement software and tools.
• Excellent negotiation and communication skills.
• Ability to work in a fast-paced, cross-cultural environment.