Purchase Manager

Client of Talentmate

The Purchase Manager is a vital role within an organization, responsible for managing the procurement processes and ensuring that essential goods and services are purchased at optimal prices. The position involves strategizing on purchasing plans, maintaining supplier relationships, and coordinating with different departments to ascertain their procurement needs. The Purchase Manager should be highly analytical with the ability to negotiate effectively and mitigate risks associated with supply chains. Working closely with suppliers and internal teams, this role demands diligence in evaluating potential suppliers, managing inventories, and ensuring compliance with procurement policies. Creativity in solving procurement issues and implementing cost-saving initiatives is also essential in this role.

Responsibilities

• Develop and implement strategic purchasing plans and control budgets effectively.
• Identify and evaluate potential suppliers to ensure quality and cost-effectiveness.
• Negotiate contracts with suppliers to secure advantageous terms and prices.
• Collaborate with internal departments to establish procurement needs and priorities.
• Maintain a solid understanding of market trends to forecast procurement demands.
• Oversee inventory management practices to optimize stock levels and minimize costs.
• Ensure compliance with corporate procurement policies and industry regulations.
• Review purchase orders and requisitions for accuracy before approval and processing.
• Develop and maintain strong relationships with key suppliers to foster partnerships.
• Analyze procurement processes and implement improvements for efficiency and savings.
• Manage risk mitigation processes to ensure supply chain continuity and security.
• Train and mentor procurement staff to enhance team performance and professional development.

Requirements

• Bachelor's degree in Business Administration, Supply Chain Management, or a related field.
• Minimum of five years of experience in procurement or purchase management roles.
• Strong analytical and strategic thinking abilities are required for this position.
• Excellent negotiation skills and experience dealing with suppliers and contracts.
• Proficient in procurement software and familiarity with inventory management systems.
• Ability to manage multiple projects and prioritize tasks effectively under pressure.
• Strong communication and interpersonal skills for cross-functional collaboration.