Procurement Lead

Job Responsibilities:

• Collaborate with the procurement team to develop effective sourcing strategies, identifying potential suppliers through market research and networking.
• Assist in negotiating contracts, prices, terms, and conditions with suppliers to secure favorable agreements that drive cost savings and quality improvements.
• Support in qualifying new suppliers and maintaining strong relationships to foster collaboration and resolve issues promptly.
• Assist in managing the end-to-end procurement process, ensuring compliance with policies, procedures, and regulations.
• Identify and mitigate potential risks related to supplier performance, product quality, and market fluctuations, developing contingency plans to minimize disruptions.
• Collaborate with internal stakeholders to understand procurement needs and priorities, working closely with cross-functional teams to achieve organizational objectives.
• Assist in sourcing materials and components during the NPI process, ensuring timely procurement to support prototype builds and product launches.
• Oversee inventory control and support management reporting processes.

Job Requirements:

• Bachelor's Degree in Business Administration, Supply Chain Management, or related field.
• At least 5 years of experience in Procurement/Supply Chain/Purchasing from manufacturing environment with a minimum of 2 years in a supervisory or leadership role.
• Experience in technical engineering purchasing and sourcing for standard components would be beneficial.
• Proven track record of successful supplier negotiations, cost savings initiatives, and process improvements.
• Strong understanding of procurement best practices, policies, and regulations.
• Proficiency in MS Office and experience with procurement software (e.g., SAP, Oracle, PowerBI).
• Excellent communication and interpersonal skills, with the ability to collaborate effectively across departments.
• Strategic thinker with a proactive mindset and ability to thrive in a fast-paced environment.