What is a Procurement Director doing? Job description and responsibilities

What does a Procurement Director do?

The Procurement Director is responsible for leading the organization's procurement function in order to ensure efficient and cost-effective purchasing of goods and services. This position will be responsible for overseeing the procurement process, including sourcing, negotiating, and contracting to ensure the most advantageous prices, terms, and conditions. The Procurement Director will also be responsible for managing the relationships with vendors and suppliers, and ensuring the organization's compliance with all applicable legal and ethical standards. In addition, this position will lead the development and implementation of strategies to improve cost savings and process efficiencies. The ideal candidate will have

Responsibilities of Procurement Director

1. Develop and implement procurement strategies to ensure cost effective and timely acquisition of goods and services.

2. Source and negotiate with suppliers to secure the most competitive prices and terms.

3. Oversee the purchasing process from requisition to delivery.

4. Monitor supplier performance and make improvements where necessary.

5. Develop and maintain relationships with suppliers.

6. Monitor market trends and identify new opportunities for cost savings.

7. Ensure compliance with company policies and external regulations.

8. Manage the procurement team and provide support and guidance.

9. Prepare reports and analytics on procurement activities.

10. Collaborate with other departments to ensure purchasing needs are met.