
Procurement Supervisor – New Product Development
3 days ago
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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