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Procurement Manager responsibilities include:
Formulating and implementing effective procurement and sourcing strategies
Identifying profitable vendors and initiating procurement partnerships
Negotiating advantageous terms with external suppliers
Job Brief
We seek an experienced Procurement Manager to oversee the company’s product and service procurement. Responsibilities include devising strategies for locating cost-effective agreements and suppliers. It is the responsibility of the Procurement Manager to identify the most effective methods to reduce procurement costs so that the business can invest in growth and people.
Responsibilities
Develop and implement effective sourcing strategies
Identify profitable suppliers and establish business and organization partnerships.
Obtain advantageous terms by bargaining with external vendors.
Authorize the procurement of essential products and services
Complete the purchasing details of orders and shipments
Analyze and evaluate existing contracts
Monitor and report key functional metrics to reduce costs and enhance performance
Collaborate with crucial individuals to clarify the company’s specifications and expectations.
Anticipate changes in the relative negotiating power of suppliers and clients.
Through data analysis, anticipate unfavorable events and create control strategies
Perform risk management on supply agreements and contracts
Control costs and instill a culture of long-term procurement cost savings
Requirements and Skills
Proven experience as a Procurement Manager, Procurement Officer, or Procurement Director is required.
Knowledge of sourcing and procurement techniques as well as “reading” the market dexterity are required.
negotiation and networking skill
Excellent familiarity with suppliers or third-party management software
Decision-making and number-crunching aptitude
Experience in data collection and analysis
Superior leadership qualities
BSc in logistics, supply chain management, or business administration
Salary Range
The average monthly salary for Procurement Manager jobs in Malaysia ranges from RM 7,550 to RM 10,050.
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Procurement Manager Job Description