Purchasing Manager
Department:
Procurement/Supply Chain
Role Overview:
The Purchasing Manager is responsible for sourcing and procuring high-quality materials, components, and services to support manufacturing processes. The role involves building relationships with suppliers, negotiating contracts, managing inventory, and ensuring cost-efficiency while maintaining stringent quality standards.
Key Responsibilities
Procurement Management
- Develop and execute purchasing strategies to secure quality materials and services at competitive prices.
- Source suppliers for raw materials, tools, and components
- Evaluate supplier performance regularly, ensuring compliance with quality, delivery, and cost parameters.
Supplier Relationship Management
- Build and maintain strong, strategic relationships with key suppliers.
- Negotiate contracts, terms, and pricing agreements, ensuring favorable conditions for the organisation.
- Monitor supplier compliance with industry regulations and company standards.
Inventory and Cost Control
- Optimize inventory levels to balance production demands and cost-efficiency.
- Collaborate with production and engineering teams to forecast material needs accurately.
- Identify and implement cost-saving opportunities within the supply chain.
Quality Assurance
- Work closely with the quality assurance team to ensure all materials and components meet precise engineering standards.
- Address and resolve any quality issues with suppliers.
Data and Reporting
- Maintain accurate records of purchases, supplier evaluations, and inventory.
- Prepare and present procurement performance reports to senior management.
- Use ERP/MRP systems to manage procurement data and streamline workflows.
Compliance and Risk Management
- Ensure adherence to industry standards, safety regulations, and legal requirements.
- Mitigate risks related to supplier dependency and market fluctuations.
Key Skills and Competencies
- Technical Expertise: Strong understanding of materials, tools, and components used in engineering.
- Negotiation Skills: Proven ability to negotiate effectively with suppliers to achieve cost savings and favourable terms.
- Analytical Thinking: Ability to analyze data, forecasts, and trends to make informed purchasing decisions.
- Communication: Strong written and verbal communication skills to liaise with internal teams and external suppliers.
- Leadership: Experience managing a team and developing talent within the procurement function.
- ERP/MRP Proficiency: Familiarity with systems like SAP, Oracle, or similar platforms.
Qualifications and Experience
- Education: Bachelor’s degree in supply chain management, engineering, business administration, or a related field.
- Experience:
- Experience in procurement, preferably in an engineering or manufacturing environment.
- Experience in managing supplier contracts and relationships.
- Certifications (Preferred): CIPS (Chartered Institute of Procurement & Supply) or equivalent.
Key Performance Indicators (KPIs)
- Cost savings achieved through procurement strategies.
- Supplier quality performance metrics (e.g., defect rates, on-time delivery).
- Inventory turnover and stock level optimization.
- Compliance with procurement budgets and timelines.
Work Environment
- Office-based with occasional visits to suppliers and manufacturing facilities.
- Fast-paced, deadline-driven environment requiring adaptability and proactive problem-solving.