Operations

Procurement Strategy Manager

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

About Vintti

Vintti is a strategic staffing agency that enhances the competitiveness of US businesses. By connecting SMBs, startups, and firms with highly skilled Latin American professionals, we offer a cost-effective solution to talent acquisition. Our model allows companies to access top-tier expertise at rates that significantly reduce overhead costs, enabling businesses to allocate resources more efficiently and boost their bottom line.

Description

A Procurement Strategy Manager is responsible for developing and implementing comprehensive procurement strategies to optimize an organization’s purchasing processes. This role involves analyzing market trends, negotiating with suppliers, and ensuring cost-effective and high-quality procurement. Key responsibilities include managing supplier relationships, overseeing contract management, and collaborating with cross-functional teams to align procurement goals with business objectives. By leveraging analytical skills and industry expertise, Procurement Strategy Managers drive efficiencies, manage risks, and contribute to the organization's overall financial health.

Requirements

- Bachelor's degree in Business Administration, Supply Chain Management, or a related field.
- Minimum of 5 years of experience in procurement, strategic sourcing, or supply chain management.
- Proven track record in developing and implementing procurement strategies.
- Strong negotiation skills with the ability to secure favorable terms and pricing.
- Excellent analytical skills for interpreting procurement data and performance metrics.
- Experience in conducting supplier market analysis.
- Knowledge of supply chain risk management and mitigation strategies.
- Proficiency with electronic procurement systems and tools.
- Strong project management skills with the ability to lead initiatives.
- Familiarity with industry regulations and compliance standards.
- Ability to prepare and present detailed procurement reports to senior management.
- Strong collaboration skills to work effectively with cross-functional teams.
- Experience in managing supplier relationships and performance reviews.
- Excellent communication and interpersonal skills.
- Ability to identify and implement process improvements.
- Experience working with finance and legal departments on procurement contracts.
- Leadership skills to train and mentor junior staff.
- Familiarity with logistics and warehouse coordination.
- Proficiency in cost analysis and benchmarking methodologies.
- Strong documentation skills for maintaining procurement policies and procedures.

Responsabilities

- Develop and implement procurement strategies.
- Conduct supplier market analysis.
- Negotiate contracts, terms, and pricing with suppliers.
- Collaborate with cross-functional teams.
- Monitor supplier performance and conduct reviews.
- Analyze procurement data and key performance indicators.
- Manage and mitigate supply chain risks.
- Develop and maintain relationships with key suppliers.
- Lead procurement projects and initiatives.
- Ensure compliance with company policies and industry regulations.
- Prepare and present reports on procurement activities.
- Identify opportunities for process improvements.
- Collaborate with finance and legal departments.
- Train and mentor junior procurement staff.
- Coordinate with logistics and warehouse teams.
- Manage electronic procurement systems and tools.
- Conduct cost analyses and benchmarking.
- Develop and maintain procurement documentation.

Ideal Candidate

The ideal candidate for the Procurement Strategy Manager role possesses a bachelor's degree in Business Administration, Supply Chain Management, or a related field, complemented by a minimum of 5 years of experience in procurement, strategic sourcing, or supply chain management. They have a proven track record of developing and implementing effective procurement strategies that deliver tangible cost savings and operational efficiencies. With strong negotiation skills, they can secure advantageous terms and pricing, while their exceptional analytical abilities enable them to interpret procurement data and performance metrics to drive decision-making. This candidate excels in conducting supplier market analysis and proactively managing supply chain risks. They are proficient with electronic procurement systems, possess strong project management capabilities, and have a solid understanding of industry regulations and compliance standards. They can prepare and present detailed procurement reports to senior management and are adept at collaborating with cross-functional teams, including finance and legal departments, to align procurement strategies with business objectives. In addition to their professional expertise, they exemplify leadership by training and mentoring junior staff, fostering supplier relationships, and coordinating with logistics and warehouse teams for timely deliveries. Personally, they are a strategic thinker with exceptional problem-solving skills, high ethical standards, and an innovative mindset. Their strong communication and interpersonal skills, combined with an ability to work well under pressure, adaptability, and a proactive approach, make them a valuable asset to the team. They are highly organized, results-oriented, and dedicated to continuous improvement, capable of juggling multiple tasks while maintaining a focus on quality and efficiency.

On a typical day, you will...

- Develop and implement procurement strategies to optimize sourcing and supply chain operations.
- Conduct supplier market analysis to identify potential sources of goods and services.
- Negotiate contracts, terms, and pricing with suppliers to achieve cost savings and quality improvements.
- Collaborate with cross-functional teams to understand business requirements and align procurement strategies accordingly.
- Monitor supplier performance and conduct regular reviews to ensure compliance with contract terms.
- Analyze procurement data and key performance indicators to track progress and identify areas for improvement.
- Manage and mitigate risks associated with supply chain disruptions and supplier relationships.
- Develop and maintain relationships with key suppliers to ensure continuity of supply and foster innovation.
- Lead procurement projects and initiatives to support business growth and operational efficiency.
- Ensure compliance with company policies, industry regulations, and ethical standards in all procurement activities.
- Prepare and present reports and updates on procurement activities and performance to senior management.
- Identify opportunities for process improvements and implement best practices in procurement operations.
- Collaborate with finance and legal departments to manage procurement budgets and contracts.
- Train and mentor junior procurement staff, providing guidance on strategic sourcing and negotiation tactics.
- Coordinate with logistics and warehouse teams to ensure timely delivery of goods and materials.
- Manage electronic procurement systems and tools to enhance procurement efficiency and transparency.
- Conduct cost analyses and benchmarking to support strategic decision-making.
- Develop and maintain procurement documentation, including policies, procedures, and guidelines.

What we are looking for

- Strategic thinker with a forward-looking approach
- Exceptional problem-solving skills
- High level of attention to detail
- Strong leadership abilities
- Excellent communication and negotiation skills
- Ability to work well under pressure
- Adaptability to changing environments and priorities
- Strong ethical standards and integrity
- Proactive and self-motivated
- Collaborative team player
- Ability to build and maintain strong relationships
- Highly organized with strong multitasking capabilities
- Results-oriented with a focus on continuous improvement
- Analytical mindset with a strong grasp of quantitative data
- Innovative and open to new ideas and technologies

What you can expect (benefits)

- Competitive salary range of $90,000 - $120,000 per year
- Comprehensive health insurance (medical, dental, vision)
- 401(k) plan with company match
- Paid time off (PTO) and company holidays
- Flexible work schedule
- Remote work options available
- Professional development and training programs
- Tuition reimbursement options
- Employee assistance program (EAP)
- Wellness programs and gym membership reimbursement
- Life and disability insurance
- Opportunities for career growth and advancement
- Performance-based bonuses and incentives
- Collaborative and inclusive work environment
- Company-sponsored social events and team-building activities
- Subsidized commuter benefits

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