Head of Procurement

The Head of Procurement is responsible for overseeing the procurement function of the organization, ensuring the acquisition of goods and services in a cost-effective, efficient, and ethical manner. This role involves strategic planning, vendor management, contract negotiation, and collaboration with other departments to support the company's overall objectives. Key Responsibilities: Strategic Planning: Develop and implement procurement strategies aligned with company goals and objectives. Analyze market trends and make recommendations for improving procurement processes and practices. Vendor Management: Identify, evaluate, and select suppliers to meet company needs. Negotiate contracts and manage supplier relationships to ensure performance and compliance. Contract Negotiation: Lead the negotiation of contracts, ensuring favorable terms and conditions. Review and approve contract terms, ensuring they meet legal and regulatory requirements. Team Leadership: Manage and mentor the procurement team, fostering a high-performance culture. Provide guidance and support for professional development and career growth. Budget Management: Develop and manage the procurement budget, ensuring cost-effectiveness and alignment with financial goals. Monitor and report on procurement spend and savings. Process Improvement: Implement and maintain procurement policies and procedures. Continuously review and improve procurement processes to enhance efficiency and effectiveness. Stakeholder Collaboration: Collaborate with internal stakeholders to understand their needs and provide procurement support. Ensure alignment of procurement activities with departmental and organizational objectives. Compliance and Risk Management: Ensure procurement activities comply with legal, regulatory, and ethical standards. Identify and mitigate procurement risks to protect the organization. Data Analysis and Reporting: Analyze procurement data and prepare reports to support decision-making and strategic planning. Track key performance indicators (KPIs) and measure the effectiveness of procurement activities. Qualifications: Bachelor’s degree in Business Administration, Supply Chain Management, or a related field (Master’s degree preferred). Professional certification (e.g., CIPS, CPSM) is a plus. Proven experience (typically 7 years) in procurement or supply chain management, with a track record of increasing responsibility. Strong knowledge of procurement principles, practices, and strategies. Excellent negotiation, communication, and interpersonal skills. Ability to lead and manage a team effectively. Proficiency in procurement software and tools. Strong analytical and problem-solving skills.