A Procurement Manager is responsible for overseeing the purchasing process for materials, equipment, and services required by an organization. This role involves strategic sourcing, supplier relationship management, contract negotiation, cost control, and ensuring timely procurement in line with project or business needs. The Procurement Manager works closely with internal departments and external vendors to ensure high-quality, cost-effective, and timely supply chain operations.
Key Responsibilities:
Develop and implement procurement strategies aligned with company goals.
Source and evaluate suppliers, negotiate terms, and manage vendor relationships.
Monitor and forecast inventory levels and purchasing needs.
Review purchase requests, prepare purchase orders, and ensure timely deliveries.
Analyze market trends to identify potential cost savings.
Ensure compliance with procurement policies, procedures, and legal requirements.
Collaborate with departments (engineering, finance, operations) to align procurement with project timelines.
Evaluate supplier performance and manage vendor contracts and renewals.
Prepare procurement reports and maintain documentation for audits.
Resolve supply issues, delays, or non-compliance incidents with suppliers.