Procurement Supervisor – New Product Development

2 days ago

Malabon, Philippines Lifestrong Marketing Inc. Full time $104,000 - $130,878 per year

Key Responsibilities:

Procurement Planning & Execution:

  • Oversee the entire procurement process from requisition to receipt, including sourcing, negotiation, order placement, and vendor management.
  • Develop and implement procurement strategies to ensure the timely delivery of quality goods and services at the best possible prices.
  • Analyze market trends and identify potential cost-saving opportunities.
  • Conduct competitive bidding processes and evaluate bids from multiple vendors.
  • Negotiate contracts with suppliers to secure favorable terms and conditions.
  • Manage purchase orders, track shipments, and resolve any delivery or quality issues.

Vendor Management:

  • Develop and maintain strong relationships with key suppliers.
  • Conduct regular performance reviews of suppliers and address any performance concerns.
  • Identify and qualify new suppliers to expand the company's vendor base.
  • Resolve supplier disputes and negotiate resolutions.

Team Management:

  • Supervise and mentor a team of purchasing assistants or buyers.
  • Assign tasks, provide guidance, and monitor team performance.
  • Train and develop team members on procurement policies, procedures, and best practices.
  • Conduct performance reviews and provide feedback to team members.

Inventory Management:

  • Monitor inventory levels and ensure adequate stock levels to meet production and operational needs.
  • Collaborate with other departments, such as production and warehouse, to optimize inventory management.
  • Implement strategies to minimize inventory holding costs and reduce stockouts.

Data Analysis & Reporting:

  • Track and analyze key procurement metrics, such as purchase order lead times, supplier performance, and cost savings.
  • Prepare regular reports on procurement activities and performance for management review.
  • Utilize data analysis to identify areas for improvement in the procurement process.

Compliance:

  • Ensure compliance with all relevant procurement policies, procedures, and regulations.
  • Maintain accurate records of all procurement transactions.
  • Conduct internal audits to ensure compliance with company policies and industry best practices.

Job Type: Full-time

Benefits:

  • Employee discount
  • Opportunities for promotion
  • Paid training

Education:

  • Bachelor's (Preferred)

Experience:

  • Purchasing Supervisor: 1 year (Preferred)

Work Location: In person

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