Job Summary:
The Senior Purchaser is responsible for overseeing procurement activities, negotiating with suppliers, and ensuring cost-effective purchasing of goods and services. This role involves strategic sourcing, supplier relationship management, and optimizing procurement processes to meet organizational goals.
Key Responsibilities:
1. Strategic Procurement & Sourcing
- Develop and implement procurement strategies to reduce costs and improve efficiency.
- Identify and evaluate potential suppliers, conduct market research, and analyze industry trends.
- Lead RFQ (Request for Quotation), RFP (Request for Proposal), and RFI (Request for Information) processes.
2. Supplier Management
- Negotiate contracts, pricing, and terms with suppliers to secure favorable agreements.
- Build and maintain strong relationships with key suppliers and vendors.
- Monitor supplier performance, ensuring compliance with quality, delivery, and cost requirements.
3. Cost Control & Budgeting
- Analyze spending patterns and identify cost-saving opportunities.
- Work with finance and operations teams to align procurement with budget constraints.
- Track procurement KPIs (Key Performance Indicators) and report on savings and efficiencies.
4. Purchase Order Management
- Process and approve purchase orders (POs) in compliance with company policies.
- Ensure timely delivery of materials and resolve supply chain disruptions.
- Collaborate with inventory and warehouse teams to maintain optimal stock levels.
5. Compliance & Risk Management
- Ensure adherence to company policies, industry regulations, and ethical sourcing practices.
- Mitigate risks related to supply chain disruptions, price fluctuations, and supplier reliability.
- Maintain accurate procurement records and documentation for audits.
6. Cross-Functional Collaboration
- Work closely with engineering, production, and logistics teams to meet operational needs.
- Support new product development by sourcing materials and components.
- Provide procurement insights to senior management for decision-making.
Qualifications & Skills:
- Education: Bachelor’s degree in Supply Chain Management, Business Administration, or related field.
- Experience: 5+ years in procurement, purchasing, or supply chain, preferably in a senior role.
- Certifications (Preferred): CPSM (Certified Professional in Supply Management), CSCP (Certified Supply Chain Professional), or CPM (Certified Purchasing Manager).
- Technical Skills: Proficiency in ERP systems (SAP, Oracle), procurement software, and MS Excel (pivot tables, VLOOKUP).
- Soft Skills: Strong negotiation, analytical, and problem-solving abilities. Excellent communication and stakeholder management.
Work Environment:
- Hybrid/On-site (varies by company)
- May require occasional travel to supplier sites or industry events.
Performance Metrics:
- Cost savings achieved through negotiations and strategic sourcing.
- Supplier performance (on-time delivery, quality compliance).
- Reduction in procurement cycle times.
- Compliance with procurement policies and audit requirements.
