Procurement Strategy Development:Develop and implement procurement strategies that align with the company’s goals and project requirements.Analyze market trends, supplier capabilities, and cost structures to inform strategic sourcing decisions.Supplier Management:Identify, evaluate, and select suppliers based on quality, cost, reliability, and delivery performance.Negotiate contracts, terms, and pricing with suppliers to secure favorable agreements.Maintain strong relationships with key suppliers, ensuring continuous improvement in performance and cost-effectiveness.Cost Management & Optimization:Monitor and analyze procurement costs, identifying opportunities for cost savings and value optimization.Implement cost control measures and ensure adherence to budgetary guidelines.Support the finance department in budget planning and forecasting by providing accurate procurement cost data.Compliance & Risk Management:Ensure all procurement activities comply with company policies, legal requirements, and industry regulations.Develop and enforce procurement policies, procedures, and guidelines to maintain high standards of compliance.Identify and mitigate procurement risks, including supplier risks, contract risks, and market fluctuations.Process Improvement:Lead continuous improvement initiatives to enhance procurement processes, increase efficiency, and reduce cycle times.Implement best practices in procurement, leveraging technology and tools to streamline operations.Collaborate with other departments to identify and address bottlenecks in the procurement process.Inventory & Supply Chain Coordination:Work closely with the logistics and inventory management teams to ensure timely delivery of goods and materials.Coordinate procurement activities with project timelines and production schedules to avoid delays.Manage inventory levels to balance cost with availability, reducing the risk of stockouts or overstocking.Team Leadership & Development:Lead, mentor, and develop the procurement team, fostering a culture of excellence and continuous improvement.Oversee the recruitment, training, and performance evaluation of procurement staff.Promote collaboration and communication within the procurement team and across departments. Reporting & Communication:Prepare and present regular reports on procurement performance, including key metrics, cost savings, and process improvements.Communicate procurement strategies, goals, and achievements to senior management and other stakeholders.Provide insights and recommendations to support strategic decision-making within the supply chain department.