What is a Head of Procurement doing? Job description and responsibilities

What does a Head of Procurement do?

The Head of Procurement will be a strategic and visionary leader responsible for managing the company's procurement function. This position will be responsible for leading the development and execution of strategies to improve the efficiency and effectiveness of the procurement process. The ideal candidate will have a deep understanding of the latest procurement strategies, tools, and processes, as well as a strong financial acumen. The Head of Procurement will also be expected to partner with other departments to ensure that the company is achieving its purchasing objectives.

Responsibilities of Head of Procurement

1. Develop, implement and manage the organization's purchasing policies and procedures.
2. Source and negotiate with suppliers to obtain the best prices and terms of sale.
3. Analyze the market and identify potential new suppliers and sources of materials.
4. Monitor supplier performance and ensure that contractual obligations are met.
5. Develop and maintain relationships with key suppliers.
6. Monitor and ensure compliance with all relevant legislation and regulations.
7. Develop and manage an effective team of procurement professionals.
8. Prepare and negotiate tenders, contracts and quotes.
9. Monitor and report on purchasing activities and expenditure.
10. Develop and implement strategies to reduce costs and improve efficiency.