Sr. Executive / Assistant Manager - Procurement Job Description Template
As a Sr. Executive / Assistant Manager - Procurement, you will oversee the procurement activities, ensuring that the organization acquires the best quality goods and services at the most competitive prices. You will work closely with vendors, internal departments, and management to streamline and improve procurement processes.
Responsibilities
- Develop and implement procurement strategies to support organizational goals.
- Negotiate contracts, terms, and pricing with suppliers.
- Monitor supplier performance and maintain strong vendor relationships.
- Analyze market trends to identify cost-saving opportunities.
- Prepare and process purchase orders and requisitions.
- Ensure compliance with company policies and procurement regulations.
- Collaborate with various departments to understand their procurement needs.
- Evaluate and select suppliers based on cost, quality, and reliability.
- Manage procurement documentation and maintain accurate records.
Qualifications
- Bachelor's degree in Business Administration, Supply Chain Management, or a related field.
- 5+ years of experience in procurement or supply chain management.
- Strong negotiation and contract management skills.
- Excellent analytical and decision-making abilities.
- Proven track record of managing vendor relationships.
- Knowledge of procurement software and tools.
- Exceptional communication and interpersonal skills.
- Ability to work under pressure and meet tight deadlines.
Skills
- SAP
- Oracle
- Contract Negotiation
- Vendor Management
- Supply Chain Management
- Data Analysis
- Microsoft Excel
- Cost Reduction Strategies
- Procurement Software
Frequently Asked Questions
A Sr. Executive / Assistant Manager - Procurement manages the company's purchasing processes. They develop and implement procurement strategies to acquire goods and services cost-effectively while ensuring quality and compliance. The role involves negotiating supplier contracts, overseeing purchase orders, and maintaining supplier relationships. Additionally, they monitor market trends to anticipate changes in price and availability and may supervise junior procurement staff. This position plays a critical role in ensuring the organization meets its operational and financial goals.
To become a Sr. Executive / Assistant Manager - Procurement, candidates typically need a bachelor's degree in supply chain management, business administration, or a related field. Additionally, gaining several years of experience in procurement or supply chain roles is essential. Professional certifications, such as Certified Professional in Supply Management (CPSM) or Certified Purchasing Manager (CPM), can enhance career prospects. Strong negotiation skills, analytical abilities, and proficiency in procurement software are also important for success in this position.
The average salary for a Sr. Executive / Assistant Manager - Procurement varies based on location, industry, and the individual's experience level. Typically, these professionals can expect a competitive salary that reflects their expertise and the critical role they play in managing company expenses and supplier relationships. Salaries may also include bonuses or incentives linked to performance metrics, such as cost savings achieved through successful negotiations or supplier management.
Qualifications for a Sr. Executive / Assistant Manager - Procurement generally include a bachelor's degree in supply chain management, business administration, or a related field. Relevant certifications such as Certified Professional in Supply Management (CPSM) are advantageous. Employers often seek candidates with extensive procurement or supply chain experience, strong negotiation, communication, and analytical skills, and proficiency in procurement systems and databases to effectively manage suppliers and purchasing strategies.
Key skills for a Sr. Executive / Assistant Manager - Procurement include strong negotiation and communication abilities, analytical thinking, and proficiency in procurement software. Responsibilities encompass developing procurement strategies, managing supplier contracts, and ensuring compliance with company policies. The role also requires overseeing procurement processes, maintaining vendor relationships, and achieving cost-effective purchasing while ensuring goods and services meet quality standards. Leadership skills are vital for supervising and mentoring junior team members.