Executive Director- Procurement

The role of an Executive Director of Procurement is a senior leadership position responsible for overseeing and managing the organization's procurement and supply chain functions. This individual plays a critical role in optimizing costs, ensuring the quality and timely delivery of goods and services, and fostering strong relationships with suppliers.

Strategic Procurement Leadership:

• Develop and implement the organization's procurement strategy in alignment with overall business objectives.
• Provide strategic direction for sourcing, negotiating, and procuring goods and services.
• Strategic Vision: Develop a procurement strategy that aligns with the organization's overall strategic vision and business objectives.
• Collaboration with Leadership: Work closely with executive leadership to understand the broader goals and integrate procurement into the organizational strategy.
• Cultivate and maintain strong relationships with key suppliers.
• Negotiate favorable terms and conditions, including pricing, delivery, and service levels.
• Categorization: Classify suppliers based on their strategic importance, performance, and impact on the organization.
• Differentiated Strategies: Develop customized strategies for each supplier category to optimize engagement.

Cost Optimization:

• Identify cost-saving opportunities and implement strategies to optimize procurement costs.
• Conduct thorough cost analysis and benchmarking to ensure competitiveness.
• Cost Analysis: Conduct a thorough analysis of all costs associated with business operations.
• Cost Drivers Identification: Identify key cost drivers and prioritize areas for optimization.
• Process Mapping: Map out and analyze existing business processes to identify inefficiencies.
• Lean Practices: Implement lean principles to eliminate waste and streamline workflows.

Supply Chain Efficiency:

• Oversee the end-to-end supply chain process, ensuring efficiency and timely delivery of goods and services.
• Implement best practices to enhance supply chain performance.
• Supplier Negotiations: Negotiate favorable terms with suppliers to optimize procurement costs.
• Inventory Management: Optimize inventory levels to minimize carrying costs while ensuring timely availability.

Contract Management:

• Develop and manage contractual agreements with suppliers.
• Ensure contracts are compliant, enforceable, and aligned with organizational objectives.
• Clear Terms and Conditions: Clearly define the terms and conditions of the contract.
• Scope of Work: Specify the scope of work, deliverables, and responsibilities of each party.
• Authorized Signatories: Ensure that contracts are signed by authorized representatives of both parties.
• Identify and assess risks within the supply chain and implement risk mitigation strategies.
• Develop contingency plans to address potential disruptions in the supply chain.

Compliance and Governance:

• Ensure procurement activities comply with relevant laws, regulations, and ethical standards.
• Establish and enforce procurement policies and procedures.
• Build and lead a high-performing procurement team.

Collaboration with Stakeholders:

• Collaborate with internal stakeholders, including finance, operations, and project management teams, to align procurement activities with organizational goals.
• Address stakeholder requirements and concerns.
• Drive continuous improvement initiatives within the procurement function.

Market Analysis:

• Stay informed about market trends, pricing fluctuations, and changes in the supply chain landscape.
• Utilize market intelligence to make informed procurement decisions.

Environmental, Social & Governance (ESG) Considerations:

• Integrate ESG considerations into procurement strategies.
• Ensure ethical and sustainable sourcing practices.

Budget Management:

• Develop and manage the procurement budget.
• Monitor expenditures and report on budget performance.

Occupational and Workplace Health and Safety Responsibilities:

In addition to all job specific responsibilities, all employees are required to adhere to all the organization's health, safety and environmental (HSE) policies, procedures, practices, and relevant legal and statutory health, safety and environmental requirements and obligations.

Information Security Responsibilities:

• Comply with the organization's Information Security Policies.
• Be aware of and fulfill their information security responsibilities.
• Ensure whoever handles sensitive company information has taken the Security Awareness Training.
• Know how to report a security incident (to IT ServiceDesk or InfoSec).
• Not disable their OS firewall and/or Antivirus.

Education & Qualification:

Bachelor's degree in business, supply chain management, procurement, or a related field. A relevant master's degree (e.g., MBA) may be preferred.

Industry-recognized certifications, such as Certified Professional in Supply Management (CPSM), Certified Supply Chain Professional (CSCP), or equivalent, are often beneficial.

Skills:

• Leadership and Management Skills
• Strategic Thinking
• Negotiation Skills
• Analytical Skills
• Communication Skills
• Contract Management
• Global Procurement
• Technology Proficiency
• Ethical and Sustainable Procurement
• Change Management
• Collaboration and Relationship Building