Purchasing Manager at Creative Financial Staffing

The purchasing manager will be responsible for handling the procurement process, sourcing suppliers, and managing vendor relationships to ensure a seamless supply chain and optimize costs. You will also collaborate with cross-functional teams, make strategic decisions, and implement best practices within our procurement function.

This position will take direction and general supervision from the CFO and requires interaction with all levels of the organization.

Objectives of this role

• Developing and implementing procurement strategies and policies for cost optimization and enhancing supply chain efficiency.
• Identifying, evaluating, and selecting suppliers based on quality, reliability, cost-effectiveness, and adherence to ethical and sustainability standards.
• Negotiating contracts and terms with suppliers to ensure favorable pricing, payment terms, and mutually beneficial agreements.
• Collaborating with internal stakeholders to understand their requirements and align procurement activities with organizational goals.
• Conducting market research and analysis to stay updated on industry trends, supplier capabilities, and pricing fluctuations.
• Managing supplier relationships, including ongoing performance evaluation, issue resolution, and fostering long-term partnerships.
• Monitoring inventory levels, analyzing demand patterns, and implementing inventory management strategies to manage stock levels and avoid shortages or excesses.

Your tasks

• Implement procurement systems and tools to streamline processes and enhance efficiency.
• Source and negotiate with potential suppliers, assess their capabilities, and evaluate their suitability based on predefined criteria.
• Manage supplier relationships, including regular communication, performance evaluations, and issue resolution.
• Collaborate with internal stakeholders to understand their requirements and develop procurement plans accordingly.
• Analyze inventory levels, demand forecasts, and consumption patterns to optimize stock levels and reduce carrying costs.
• Continuously evaluate and improve procurement practices, including identifying cost-saving opportunities and process enhancements.
• Prepare and present reports on procurement activities, performance metrics, and cost savings to higher management.
• Develop and maintain procurement metrics to track performance, identify areas for improvement, and report on sourcing effectiveness.
• Implement sustainable and socially responsible strategic sourcing practices, including supporting local suppliers and promoting ethical sourcing.
• Stay updated on regulatory requirements and ensure compliance with applicable laws and regulations related to sourcing activities.

Required skills and qualifications

• Bachelor's degree in supply chain management, business administration, or a related field.
• 5+ years of experience as a purchasing manager.
• In-depth knowledge of procurement principles, strategies, and best practices.
• Experience in implementing sustainable and socially responsible procurement practices.
• Strong skills in budgeting, cost optimization, and negotiation techniques.
• Knowledge of vendor management and inventory management systems.
• An analytical mind with excellent communication and interpersonal skills.
• Ability to work collaboratively with cross-functional teams.
• Proficiency in using procurement software and systems.
• Proficiency in data analysis and reporting tools.

Preferred skills and qualifications

• Knowledge of industry-specific regulations and compliance requirements.
• Relevant certification in procurement or supply chain management.
• Detail-oriented with strong organizational and time management abilities.
• Experience with global sourcing, logistics, and supply chain best practices.