Manager - Strategic Sourcing & Procurement - Construction Industry

Manager- Strategic Sourcing and Procurement (Construction Industry)

Overview:

An ideal candidate would be a sourcing and procurement expert with a technical and functional understanding of the Construction industry. They must have experience in construction& Interior material procurement with a strong network of small to large-sized suppliers/ vendors.

Key Responsibilities:

- Manage a team of Procurement ensuring fast turnaround time for best rates.

- Ensure updated data on Vendors, Quotations, Invoices, Payable and Receivables

- Negotiate with vendors for better rates & negotiate credit terms

- Focus on improving long term relationships with suppliers

- Support collections from customers in a timely manner

- Share timely reports on Sales, margins, profitability, supplier base and procurement Metrics

- Ensure accounting standards are maintained basis recommendations

- Candidates must have a background in either in procurement (for at least 8+ years)

- Candidates only with experience in companies in construction material sales (Steel, Cement, Plywood, RMC, etc.) are required

- Create and implement best procurement policies and processes in the organization to improve the operational and financial performance

- Building, developing and leading the procurement function

- Developing and implementing profitable sourcing strategies

- Discovering profitable suppliers and initiating business partnerships

- Negotiating favorable terms with suppliers and ensuring timely payment to suppliers and timely delivery to clients

- Executing vendor contracts and managing risks associated with supplier contracts and agreements

- Conducting extensive primary and secondary research to stay up-to-date with the industry trends

- Good Negotiator in terms of agreement and pricing and ensure the quality of purchased products

- Enter order details (e.g. vendors, quantities, prices) into internal databases

- Maintain updated records of purchased products, delivery information and invoices

- Prepare reports on purchases, including cost analyses

- Coordinate with warehouse staff to ensure proper storage

- Establish e-procurement in the organization

Key Requirements:

- Good knowledge about purchase tools.

- Ability to develop good relationships with suppliers

- Effective tactics for negotiating costs and contracts

- Knowledge of sourcing and procurement techniques as well as a dexterity in "reading" the market

- Aptitude in decision-making and working with numbers