What is a Procurement Manager doing? Job description and responsibilities

What does a Procurement Manager do?

The Procurement Manager is a highly skilled professional responsible for managing the company's procurement and sourcing activities. This individual will serve as a strategic partner, working with internal stakeholders to identify and manage vendor relationships, develop procurement strategies, and negotiate contracts that optimize value and minimize risk. The Procurement Manager will also be responsible for developing and implementing procedures and processes for cost-efficient supply chain operations, supplier performance management, and contract management. The successful candidate must have strong analytical and negotiation skills, as well as an extensive knowledge of procurement best practices and contract laws.

Responsibilities of Procurement Manager

1. Develop and implement effective procurement strategies to ensure cost savings and a reliable supply chain.

2. Negotiate and manage contracts with vendors and suppliers.

3. Track and monitor supplier performance and delivery schedules.

4. Develop and maintain relationships with vendors and suppliers.

5. Monitor industry changes and trends to identify new opportunities or areas of improvement.

6. Analyze data to identify cost savings opportunities.

7. Manage the procurement process including requisition, sourcing, and purchase order management.

8. Ensure compliance with purchasing policies and procedures.

9. Manage the procurement budget and ensure accurate tracking of expenses.

10. Monitor supplier compliance with health, safety and environmental regulations.