Procurement Manager
5 days ago
Role Overview:
The Procurement Manager (Asia) is responsible for leading the strategic oversight of the company’s procurement activities within the designated region. This role focuses on driving cost-effective procurement of goods and services while ensuring that the highest quality standards are met.
This role involves building vendor relationships, negotiating contracts, and aligning procurement strategies with regional goals to enhance performance and achieve business objectives.
Job Responsibilities:
1. Procurement Strategy & Planning:
- Develop and implement procurement strategies to streamline processes and enhance efficiency.
- Conduct market research to identify potential suppliers and pricing trends.
- Collaborate with department heads to forecast procurement needs and align them with business objectives.
2. Supplier Relationship Management:
- Identify, evaluate, and cultivate strong relationships with key suppliers and vendors to foster collaboration and innovation.
- Negotiate favourable terms, pricing, and contracts to ensure cost-effective purchasing while maximizing value.
- Monitor supplier performance regularly to ensure adherence to quality standards, delivery schedules, and compliance with agreements, facilitating continuous improvement.
- Establish and monitor key performance indicators (KPIs) to assess the effectiveness of procurement strategies and supplier performance.
3. Procurement Operations:
- Manage the entire procurement lifecycle for the region, from sourcing to payment, ensuring efficiency and effectiveness at each stage.
- Oversee the procurement team to ensure that all purchasing activities align with company policies and best practices.
- Develop and enforce procurement policies and procedures tailored to the region to ensure compliance, mitigate risks, and enhance operational integrity.
- Establishing and Maintenance of procurement & inventories systems management, and adherence to safety stock level taking into account lead time
4. Budget and Financial Management
- Manage procurement budgets, monitoring expenditures and ensuring alignment with financial goals.
- Identify and implement cost-saving measures through strategic sourcing and supplier negotiations, and process efficiencies.
5. Contract Management:
- Draft, review, and manage procurement contracts to ensure compliance with legal and regulatory standards.
- Coordinate with the legal team to resolve any disputes or issues that arise during contract execution.
- Monitor contract performance and ensure adherence to terms and conditions, implementing corrective actions as necessary.
6. Risk Management
- Identify and assess procurement-related risks, such as supply chain disruptions, market fluctuations, and supplier reliability, while developing contingency plans to ensure business continuity.
- Implement and monitor risk management strategies, reporting on risk exposure and mitigation efforts to senior management with recommendations for improvement.
7. Compliance & Ethics:
- Ensure procurement activities align with ethical standards, industry regulations, and company policies to promote integrity in all transactions.
- Maintain up-to-date knowledge of procurement-related laws and regulations, ensuring compliance across all procurement processes.
Job Requirements:
- Bachelor’s degree in Supply Chain Management, Business Administration, Maritime Studies, or a related field.
- Ideally, 8 or more years of experience in procurement or supply chain management within the maritime industry, with regional exposure.
- Excellent communication and negotiation skills, with the ability to cultivate relationships with key stakeholders.
- Proven track record in supplier management, contract negotiation, and strategic sourcing within a maritime context.
- Strong analytical skills for assessing market trends and evaluating supplier performance.
- Strategic thinker capable of thriving in fast-paced and dynamic environments.
- Ability to identify risks and develop contingency plans to ensure business continuity in procurement processes.
- Experience managing procurement activities for maritime operations, including ship supplies, equipment, and services.
If you are interested, please contact Ms. Pei Ying at 9665 8815 or email your resume to peiying.pua@kstmaritime.com.
Key Competencies:
- Strategic Thinking: Ability to develop long-term procurement strategies in line with business goals.
- Problem-Solving: Skilled at identifying issues and implementing practical solutions quickly.
- Leadership: Capable of managing and mentoring a team, fostering a collaborative and results-driven environment with the HODs
- Adaptability: Able to thrive in a fast-paced, ever-changing business environment and react quickly to changes in supply chain dynamics.
KPIs (Key Performance Indicators): (more to be defined if needed but below may be enough):
- Cost savings achieved through effective procurement strategies.
- Supplier performance metrics (e.g., quality, delivery times).
- Compliance with procurement policies and contract terms.
- Efficiency of the procurement process (e.g., purchase order cycle time).
- Reduction in procurement costs.
Tell employers what skills you have
Negotiation
Supplier Performance
Dynamics
Supply Chain
Contract Management
Purchasing
Risk Management
Strategy
Procurement
Adaptability
Compliance
Strategic Sourcing
Supply Chain Management
Pricing
Sourcing
Contract Negotiation
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