Procurement Manager
Operations

Procurement Manager

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

131000
yearly U.S. wage
52400
yearly with Vintti

* Salaries shown are estimates. Actual savings may be even greater. Please schedule a consultation to receive detailed information tailored to your needs.

About Vintti

Vintti is revolutionizing remote staffing by prioritizing time zone alignment. We connect US-based SMBs, startups, and firms with Latin American professionals who work synchronously with US schedules. This approach ensures that businesses can maintain their usual workflows, conduct real-time meetings, and collaborate effectively without the typical challenges of working across disparate time zones.

Description

A Procurement Manager is responsible for overseeing and managing an organization's acquisition of goods and services, ensuring that the company obtains high-quality products at competitive prices. This role involves negotiating contracts, building and maintaining relationships with suppliers, and ensuring compliance with procurement policies and regulations. The Procurement Manager also monitors market trends, evaluates supplier performances, and implements strategies for cost-saving and efficiency improvements. They play a critical role in the supply chain, helping to maintain the balance between cost, quality, and sustainability.

Requirements

- Bachelor’s degree in Business Administration, Supply Chain Management, or related field.
- Minimum of 5 years of experience in procurement, supply chain management, or related role.
- Proven experience managing procurement processes and vendor negotiations.
- Strong understanding of procurement regulations and compliance requirements.
- Proficient in procurement software and systems.
- Excellent analytical and problem-solving skills.
- Strong negotiation and communication skills.
- Ability to manage budgets and control costs effectively.
- Experience in contract management and supplier relationship management.
- Ability to conduct market research and analyze market trends.
- Strong organizational and time management skills.
- Proven ability to work collaboratively with cross-functional teams.
- Experience in inventory management and stock level optimization.
- Capability to perform cost analysis and establish benchmarks for improvement.
- Attention to detail and high level of accuracy.
- Certified Professional in Supply Management (CPSM) or similar certification is a plus.
- Proficiency in Microsoft Office Suite, especially Excel.
- Ability to work under pressure and meet tight deadlines.

Responsabilities

- Develop and manage procurement policies and procedures.
- Identify and source new vendors and suppliers.
- Negotiate contracts, pricing, and terms with vendors.
- Analyze and review purchase requisitions from various departments.
- Manage supplier performance and maintain effective relationships.
- Conduct market research for new products and suppliers.
- Ensure compliance with company procurement policies and regulations.
- Coordinate with finance for budget management and cost control.
- Oversee inventory management for optimal stock levels.
- Prepare and process purchase orders and requisition forms.
- Implement procurement strategies for cost reduction and efficiency.
- Resolve procurement-related issues and discrepancies.
- Perform cost analysis and establish benchmarks.
- Collaborate with cross-functional teams to meet procurement needs.
- Monitor and report key performance indicators.
- Ensure timely delivery of goods and services.
- Stay updated on industry trends and changes.
- Monitor and manage procurement schedules.

Ideal Candidate

The ideal candidate for the Procurement Manager role will possess a Bachelor’s degree in Business Administration, Supply Chain Management, or a related field, with a minimum of 5 years of experience in procurement and supply chain management. This individual will demonstrate a profound understanding of procurement regulations, compliance requirements, and proficiency in procurement software and systems. A skilled negotiator, they will have a proven track record of managing procurement processes, vendor negotiations, and contract management. The candidate will excel in analytical and problem-solving abilities, with a meticulous attention to detail and high level of accuracy. They will exhibit strong organizational and time management skills, with the capability to manage budgets, control costs, and optimize inventory levels efficiently. Interpersonal and relationship-building skills will be paramount, as will the ability to work collaboratively across cross-functional teams. A proactive, self-motivated individual, they will bring strong leadership and team management skills, coupling high integrity and ethical standards with excellent decision-making abilities. The ideal candidate will be adaptable and flexible within a dynamic work environment, resilient under pressure, and capable of handling multiple tasks and priorities simultaneously. With a solution-oriented mindset, they will maintain a strong customer service orientation while demonstrating a high degree of professionalism. Proficiency in Microsoft Office, especially Excel, and any certification such as Certified Professional in Supply Management (CPSM) will be advantageous. Ultimately, their passion for continuous learning and improvement, coupled with strong analytical and quantitative skills, will ensure they thrive in this challenging and rewarding role.

On a typical day, you will...

- Review and analyze purchase requisitions and orders from various departments.
- Negotiate contracts, terms, and pricing with vendors and suppliers.
- Evaluate supplier performance and maintain supplier relationships.
- Conduct market research to identify potential new suppliers and products.
- Ensure compliance with company policies and procurement regulations.
- Coordinate with the finance department to manage budgets and control costs.
- Oversee inventory management and ensure optimal stock levels.
- Prepare and process purchase orders and requisitions for materials, supplies, and equipment.
- Develop and implement procurement strategies to optimize efficiency and reduce costs.
- Manage and resolve procurement-related issues and discrepancies.
- Conduct cost analysis and set benchmarks for continuous improvement.
- Collaborate with cross-functional teams to understand and meet their procurement needs.
- Monitor and report key performance metrics related to procurement activities.
- Ensure timely delivery of goods and services by managing procurement schedules.
- Stay updated with industry trends and changes to maintain a competitive edge.

What we are looking for

- Strong leadership and team management skills
- High level of integrity and ethical standards
- Excellent decision-making abilities
- Strong interpersonal and relationship-building skills
- Detail-oriented with a focus on accuracy
- High adaptability and flexibility in a dynamic work environment
- Proactive and self-motivated with the ability to drive initiatives
- Excellent verbal and written communication skills
- Ability to think critically and strategically
- Strong customer service orientation
- Solution-oriented mindset
- High level of professionalism
- Capability to handle multiple tasks and priorities simultaneously
- Well-organized with strong project management skills
- Passion for continuous learning and improvement
- High degree of resilience and perseverance
- Strong analytical and quantitative skills

What you can expect (benefits)

- Competitive salary based on experience and qualifications
- Comprehensive health, dental, and vision insurance plans
- Retirement savings plan with company match
- Generous paid time off and vacation days
- Paid parental leave
- Flexible working hours
- Remote work opportunities
- Professional development opportunities and educational assistance
- Performance bonuses and incentive programs
- Life and disability insurance coverage
- Employee wellness programs and gym memberships
- Transportation and commuting benefits
- Employee assistance programs
- Company-sponsored events and team-building activities
- Opportunities for career advancement within the company
- Discount programs for various services and products
- Recognition and reward programs

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