Procurement and Inventory
2 weeks ago
Procurement and Inventory Head is responsible for overseeing the end-to-end procurement process and inventory management to ensure that goods and materials are sourced, stored, and distributed efficiently and cost-effectively. This leadership role requires strategic planning, supplier negotiation, stock optimization, and cross-functional collaboration to maintain supply chain continuity, reduce costs, and support organizational growth.
Key Responsibilities
Procurement Management
- Develop and implement strategic procurement plans aligned with business objectives.
- Source, evaluate, and select reliable suppliers and vendors.
- Negotiate terms, pricing, and contracts to secure the best value and mitigate risk.
- Monitor supplier performance and maintain strong vendor relationships.
- Ensure compliance with procurement policies, legal requirements, and ethical standards.
- Identify and implement cost-saving and value improvement initiatives.
- Coordinate with internal departments to understand material and service requirements.
Inventory Management
- Oversee inventory planning, stock control, and warehousing operations.
- Maintain optimal inventory levels to meet production and operational needs while minimizing carrying costs.
- Develop and implement inventory management systems, policies, and procedures.
- Conduct regular inventory audits and reconcile discrepancies.
- Forecast demand based on historical data, market trends, and business projections.
- Coordinate with logistics and warehouse teams for efficient material handling and distribution.
- Monitor slow-moving or obsolete inventory and implement action plans.
Team & Systems Leadership
- Lead, mentor, and develop the procurement and inventory team.
- Evaluate and implement procurement and inventory management
- Drive continuous improvement in procurement and inventory processes.
Qualifications
Education & Experience:
- Bachelor's degree in Supply Chain Management, Logistics, Business Administration, or a related field
- At least 4 years of experience in procurement and inventory management, with at least 2 years in a leadership role.
- Experience in retail or restaurant set up.
Skills & Competencies:
- Strong negotiation, analytical, and decision-making skills.
- In-depth knowledge of procurement strategies and inventory control methodologies.
- Ability to lead cross-functional teams and drive performance.
- Excellent organizational and communication skills.
- Strong attention to detail and problem-solving ability.
- Office and warehouse environment with occasional travel to supplier sites.
- May require extended hours during peak periods or emergencies.
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