Operations

Procurement Development Lead

Looking to hire your next Procurement Development Lead? Here’s a full job description template to use as a guide.

About Vintti

Vintti specializes in providing US companies with a financial edge through smart staffing solutions. We bridge the gap between American businesses and Latin American talent, offering access to a vast pool of skilled professionals at competitive rates. This approach enables our clients to scale their operations more efficiently, reduce hiring costs, and invest in growth opportunities without compromising on quality.

Description

The Procurement Development Lead is responsible for driving strategic procurement initiatives and enhancing supply chain efficiencies. This role involves leading the development and implementation of procurement strategies to optimize costs, ensure high-quality supplier performance, and foster strong supplier relationships. The individual in this position analyzes market trends, evaluates supplier performance, and collaborates with cross-functional teams to align procurement activities with the organization's goals. Strong leadership, analytical skills, and a deep understanding of procurement processes are essential for success in this dynamic and impactful role.

Requirements

- Bachelor's degree in Supply Chain Management, Business Administration, or a related field
- 7+ years of experience in procurement, supply chain management, or a similar role
- Proven track record in developing and implementing successful procurement strategies
- Strong negotiation skills with a demonstrated ability to manage and foster supplier relationships
- Experience with supplier qualification processes and performance metrics
- Proficiency in procurement software and systems
- Strong analytical and market research skills
- Excellent project management and organizational skills
- Ability to collaborate effectively with cross-functional teams
- In-depth knowledge of procurement regulations and compliance requirements
- Proven experience in conducting cost forecasting and financial planning
- Ability to review and approve purchase orders within budgetary constraints
- Experience in training and mentoring procurement team members
- Strong problem-solving abilities and conflict resolution skills
- Ability to prepare and present detailed procurement reports to senior management
- Familiarity with industry best practices and emerging trends in procurement and supply chain management
- Excellent communication and interpersonal skills
- High level of integrity and professionalism
- Certification in Procurement or Supply Chain (e.g., CPSM, CPM) is a plus
- Competency in Microsoft Office Suite, especially Excel and PowerPoint
- Flexible and adaptable to changing business needs and environments

Responsabilities

- Lead and manage procurement strategies to optimize supply chain efficiency and cost savings.
- Develop and implement sourcing strategies, supplier qualification processes, and performance metrics.
- Collaborate with cross-functional teams, including finance, operations, and R&D, to align procurement activities with organizational goals.
- Conduct market research and analysis to identify potential suppliers and market trends.
- Negotiate contracts, terms, and pricing with suppliers to ensure best value and compliance with company policies.
- Oversee the supplier onboarding process and manage ongoing supplier relationships.
- Monitor and evaluate supplier performance through KPIs and periodic reviews to ensure service levels and quality standards are met.
- Identify and mitigate potential risks in the supply chain, including developing contingency plans.
- Drive continuous improvement initiatives to streamline procurement processes and enhance efficiency.
- Participate in budgeting processes and provide input on cost forecasting and financial planning.
- Support the development and implementation of procurement policies and procedures.
- Ensure compliance with regulatory and legal requirements related to procurement activities.
- Review and approve purchase orders, ensuring adherence to budget and procurement guidelines.
- Train and mentor procurement team members to build skills and improve performance.
- Prepare and present procurement reports to senior management, highlighting key metrics and progress.
- Lead or participate in cross-departmental projects that involve procurement functions.
- Analyze and resolve complex procurement issues and provide proactive solutions.
- Stay updated on industry best practices and emerging trends in procurement and supply chain management.

Ideal Candidate

The ideal candidate for the Procurement Development Lead role will be a strategic and proactive leader with a Bachelor's degree in Supply Chain Management, Business Administration, or a related field, and over 7 years of robust experience in procurement and supply chain management. This individual will have a proven track record of developing and implementing successful procurement strategies and will excel in negotiation, cultivating strong supplier relationships, and driving cost savings. They will possess in-depth knowledge of supplier qualification processes, performance metrics, procurement regulations, and compliance requirements. With strong analytical and market research skills, they will effectively collaborate with cross-functional teams including finance, operations, and R&D, ensuring alignment with organizational goals. Demonstrating exceptional project management and organizational abilities, the candidate will be adept at reviewing and approving purchase orders within budgetary constraints, conducting cost forecasting and financial planning, and mentoring procurement team members to enhance performance. Their high degree of integrity, professionalism, and commitment to continuous improvement will be evident through their ability to handle complex procurement issues, present detailed reports to senior management, and stay abreast of industry best practices and emerging trends. Displaying excellent communication and interpersonal skills, they will thrive in a fast-paced and dynamic environment, bringing a collaborative mindset and the ability to adapt swiftly to changing business needs. Certifications such as CPSM or CPM, coupled with proficiency in procurement software and the Microsoft Office Suite, will further bolster their credentials, making them the perfect fit for this role.

On a typical day, you will...

- Lead and manage procurement strategies to optimize supply chain efficiency and cost savings.
- Develop and implement sourcing strategies, supplier qualification processes, and performance metrics.
- Collaborate with cross-functional teams, including finance, operations, and R&D, to align procurement activities with organizational goals.
- Conduct market research and analysis to identify potential suppliers and market trends.
- Negotiate contracts, terms, and pricing with suppliers to ensure best value and compliance with company policies.
- Oversee the supplier onboarding process and manage ongoing supplier relationships.
- Monitor and evaluate supplier performance through KPIs and periodic reviews to ensure service levels and quality standards are met.
- Identify and mitigate potential risks in the supply chain, including developing contingency plans.
- Drive continuous improvement initiatives to streamline procurement processes and enhance efficiency.
- Participate in budgeting processes and provide input on cost forecasting and financial planning.
- Support the development and implementation of procurement policies and procedures.
- Ensure compliance with regulatory and legal requirements related to procurement activities.
- Review and approve purchase orders, ensuring adherence to budget and procurement guidelines.
- Train and mentor procurement team members to build skills and improve performance.
- Prepare and present procurement reports to senior management, highlighting key metrics and progress.
- Lead or participate in cross-departmental projects that involve procurement functions.
- Analyze and resolve complex procurement issues and provide proactive solutions.
- Stay updated on industry best practices and emerging trends in procurement and supply chain management.

What we are looking for

- Strategic thinker with a proactive approach
- Strong leadership and team management skills
- Excellent negotiation and relationship-building abilities
- High degree of integrity and professionalism
- Strong analytical and problem-solving capabilities
- Ability to thrive in a fast-paced environment
- Detail-oriented with strong organizational skills
- Adaptability to changing business needs and environments
- Exceptional communication and interpersonal skills
- Strong project management aptitude
- Ability to align procurement activities with company goals
- In-depth understanding of procurement best practices and industry trends
- Ability to handle complex procurement issues
- Commitment to continuous improvement and efficiency
- Collaborative mindset for cross-functional teamwork
- High level of initiative and self-motivation
- Expertise in developing and implementing procurement strategies
- Ability to mentor and develop team members

What you can expect (benefits)

- Competitive salary range commensurate with experience
- Comprehensive health insurance (medical, dental, vision)
- Retirement savings plan with company match
- Paid time off (vacation, sick leave, and holidays)
- Flexible working hours and remote work options
- Professional development and training programs
- Opportunities for career growth and advancement
- Employee wellness programs
- Life and disability insurance
- Performance-based bonuses and incentives
- Employee assistance programs
- Tuition reimbursement for further education
- Access to company-sponsored events and activities
- Discount programs for products and services
- Support for certifications in Procurement and Supply Chain (e.g., CPSM, CPM)

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