Procurement Supervisor
Operations

Procurement Supervisor

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

70000
yearly U.S. wage
28000
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 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

A Procurement Supervisor is responsible for overseeing the purchasing activities within an organization, ensuring that necessary goods and services are acquired efficiently and cost-effectively. This role involves managing a team of procurement professionals, coordinating with suppliers, negotiating contracts, and monitoring inventory levels to maintain optimal stock. Additionally, a Procurement Supervisor implements procurement policies and procedures to enhance productivity, compliance, and quality standards while fostering strong relationships with vendors and stakeholders. Overall, they play a crucial role in the supply chain process, driving organizational success through strategic sourcing and procurement excellence.

Requirements

- Bachelor's degree in Supply Chain Management, Business Administration, or a related field
- Minimum of 5 years of experience in procurement, with at least 2 years in a supervisory or managerial role
- Strong knowledge of procurement processes, policies, and best practices
- Proficiency in procurement software and tools (e.g., ERP systems)
- Excellent negotiation and contract management skills
- Proven ability to develop and implement cost-saving initiatives
- Strong analytical and problem-solving skills
- Excellent communication and interpersonal skills
- Ability to manage and mentor a team effectively
- Strong organizational and time management skills
- Knowledge of market research techniques and supplier evaluation processes
- Experience with inventory management and coordination
- Ability to prepare and present procurement reports to senior management
- Familiarity with regulatory requirements and compliance related to procurement
- Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint)
- Strong attention to detail and accuracy in work
- Ability to work collaboratively in a cross-functional team environment
- Proven track record of maintaining strong vendor relationships
- Experience in managing procurement budgets and controlling costs
- Demonstrated ability to resolve supplier disputes and issues efficiently
- Continuous improvement mindset and adaptability to industry changes and trends

Responsabilities

- Oversee and manage the procurement team
- Develop and implement procurement strategies
- Review, analyze, and approve purchase orders and requisitions
- Source and evaluate suppliers
- Negotiate contracts and maintain vendor relationships
- Conduct market research for potential suppliers and trends
- Monitor inventory levels in coordination with inventory team
- Ensure compliance with procurement policies and regulatory requirements
- Prepare and present procurement reports to senior management
- Resolve supplier issues and disputes
- Coordinate with internal departments on procurement needs
- Conduct performance evaluations for procurement staff
- Provide training and mentoring to procurement staff
- Utilize procurement software and tools
- Develop and implement cost-saving initiatives
- Participate in cross-functional meetings
- Monitor and manage supplier performance and assessments
- Manage the procurement budget
- Ensure proper documentation and record-keeping
- Liaise with finance for timely supplier payments
- Evaluate and improve procurement processes
- Stay updated on industry trends and regulations

Ideal Candidate

The ideal candidate for the role of Procurement Supervisor will possess a Bachelor's degree in Supply Chain Management, Business Administration, or a related field, along with a minimum of 5 years of experience in procurement, including at least 2 years in a supervisory or managerial capacity. This individual will demonstrate exceptional knowledge of procurement processes, policies, and best practices, supported by proficiency in procurement software and ERP systems. They will have excellent negotiation and contract management skills, coupled with a proven track record of developing and implementing cost-saving initiatives. The candidate will showcase strong analytical and problem-solving abilities, outstanding communication and interpersonal skills, and the capability to manage and mentor a team effectively. Their organizational and time management skills will be top-notch, ensuring efficient coordination with the inventory team and adherence to procurement regulations. A keen eye for detail, proficiency in Microsoft Office, and the ability to prepare and present comprehensive reports to senior management will be essential. Additionally, they will be adept at market research and supplier evaluation, experienced in handling inventory management, and skilled in resolving supplier disputes promptly. Attributes such as leadership, strategic thinking, adaptability to industry changes, and a high level of integrity will set this individual apart. They will be proactive, collaborative, and resilient, with a continuous improvement mindset, a strong sense of accountability, and a dedication to maintaining robust vendor relationships while meeting internal stakeholders' needs effectively.

On a typical day, you will...

- Oversee and manage the procurement team to ensure efficient and timely purchasing processes
- Develop and implement procurement strategies aligned with the company's objectives and budget
- Review, analyze, and approve purchase orders and requisitions for accuracy and compliance
- Source and evaluate suppliers, negotiate contracts, and establish strong relationships with vendors
- Conduct market research to identify potential suppliers and trends in pricing and availability of goods and services
- Monitor inventory levels and coordinate with the inventory team to maintain optimal stock levels
- Ensure adherence to all relevant procurement policies, procedures, and regulatory requirements
- Prepare and present procurement reports to senior management, highlighting key metrics and areas for improvement
- Resolve supplier issues and disputes, ensuring timely delivery of goods and services
- Coordinate with internal departments to understand their procurement needs and requirements
- Conduct performance evaluations and provide training and mentoring to procurement staff
- Utilize procurement software and tools to streamline processes and improve efficiency
- Develop cost-saving initiatives and implement measures to reduce procurement expenses
- Participate in cross-functional meetings to collaborate on company-wide projects and initiatives
- Monitor and manage supplier performance and conduct regular assessments to ensure quality and reliability
- Manage the procurement budget, tracking expenditures and ensuring cost control
- Ensure proper documentation and record-keeping for all procurement activities
- Liaise with finance department to ensure timely payment to suppliers and resolve any invoicing discrepancies
- Evaluate and improve procurement processes to enhance operational efficiency and effectiveness
- Stay updated on industry trends, regulations, and best practices to proactively address changes and challenges

What we are looking for

- Detail-oriented with a strong focus on accuracy
- Excellent leadership and team management skills
- Strong decision-making ability
- Proactive and forward-thinking mindset
- Effective communicator with strong interpersonal skills
- Strong negotiation and conflict resolution skills
- Adaptable and open to industry changes
- Strategic thinker with the ability to implement cost-saving measures
- High level of integrity and ethical standards
- Ability to work under pressure and manage multiple tasks
- Customer-focused with a commitment to meeting internal stakeholders' needs
- Analytical with strong problem-solving capabilities
- Initiative-taker with a drive for continuous improvement
- Collaborative team player who can work across departments
- Excellent organizational and time management abilities
- Resilient and able to handle supplier issues calmly and efficiently
- Strong sense of accountability and ownership of responsibilities
- In-depth knowledge of procurement best practices and market trends
- Dedicated to maintaining and improving supplier relationships

What you can expect (benefits)

- Competitive salary range, based on experience and qualifications
- Comprehensive health benefits (medical, dental, vision)
- 401(k) retirement plan with company match
- Paid time off (vacation, sick leave, holidays)
- Flexible work schedule options
- Professional development and training opportunities
- Support for continuing education and certification programs
- Employee wellness programs
- Life and disability insurance
- Performance-based bonuses and incentives
- Employee assistance program (EAP)
- Opportunities for career growth and advancement
- Discounts on company products/services
- Collaborative and inclusive work environment
- Access to company-sponsored networking events and industry conferences
- Tuition reimbursement programs
- On-site amenities (e.g., fitness center, cafeteria)
- Work-from-home opportunities (if applicable)
- Company-sponsored volunteering and community engagement initiatives

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