Procurement And Inventory Manager

Description

Job Summary: The Procurement and Inventory Manager is responsible for overseeing the sourcing, purchasing, and inventory control processes to ensure the timely acquisition of high-quality materials and products at optimal costs. This role involves managing supplier relationships, coordinating with various departments, and implementing effective inventory management strategies.

Key Responsibilities:

Procurement:

• Develop and implement procurement strategies to ensure the timely and cost-effective acquisition of materials and products.
• Identify and evaluate potential suppliers, negotiate contracts, and maintain strong supplier relationships.
• Monitor market trends and assess supplier performance to ensure quality and reliability.

Inventory Management:

• Oversee inventory control processes to maintain optimal stock levels and minimize excess inventory.
• Conduct regular inventory audits and cycle counts to ensure accuracy.
• Implement inventory management software and tools to track stock levels and forecast future needs.

Cost Management:

• Analyze procurement and inventory costs, identifying opportunities for cost savings and efficiency improvements.
• Develop and manage budgets for procurement and inventory activities.
• Monitor and report on key performance indicators (KPIs) related to procurement and inventory management.

Cross-Functional Collaboration:

• Coordinate with production, logistics, and other departments to ensure seamless operations and timely delivery of materials.
• Communicate effectively with stakeholders to address any issues related to procurement and inventory.

Compliance and Risk Management:

• Ensure compliance with all relevant regulations and company policies.
• Identify and mitigate risks associated with procurement and inventory activities.

Team Leadership:

• Lead and mentor the procurement and inventory team, fostering a collaborative and high-performance work environment.
• Provide training and development opportunities for team members.

Qualifications:

• Bachelor's degree in Supply Chain Management, Business Administration, or related field.
• Minimum of 5 years of experience in procurement and inventory management, with at least 2 years in a supervisory role.
• Strong knowledge of procurement processes, inventory management techniques, and relevant software.
• Excellent negotiation, analytical, and organizational skills.
• Ability to work effectively under pressure and meet deadlines.