Procurement Director

3 weeks ago


Reston, Virginia, United States Broadgate Full time

This role can be based in a major metropolitan area or a suburban location.

Job Responsibilities


Supplier Identification and Evaluation: Identify potential suppliers through market research and analysis, considering factors such as cost, quality, reliability, and delivery capabilities.


Negotiation and Contract Management: Conduct negotiations with suppliers to secure favorable terms, pricing, and contracts while ensuring alignment with organizational goals and objectives.


Supplier Relationship Management: Develop and maintain strong relationships with key suppliers, monitor their performance, and implement strategies to address any issues or improvements.


Cost Analysis and Optimization: Analyze supplier proposals, pricing structures, and total cost of ownership to make informed sourcing decisions that optimize cost efficiency and minimize risk.


Market Research and Intelligence: Stay updated on industry trends, market conditions, and emerging technologies to make informed sourcing recommendations and drive business growth.


Sourcing Strategy Development: Collaborate with cross-functional teams to develop and implement sourcing strategies that align with organizational objectives and drive business success.


Contract Review and Management: Review, evaluate, negotiate, and manage supplier contracts, ensuring compliance with legal and regulatory requirements and ongoing monitoring and management of the contract lifecycle.


Quality Assurance and Control: Work with suppliers to ensure products or services meet established quality standards and specifications.


Risk Assessment and Mitigation: Identify potential risks in the supply chain and develop risk mitigation plans to ensure continuity of supply and minimize disruptions.


Cost Reduction and Process Improvement: Continuously seek opportunities to reduce costs through negotiation, process improvement, and supplier optimization.

Requirements


• Bachelor's degree in Business, Supply Chain Management, or a related field; relevant certifications are a plus.


• Minimum of 10+ years experience in procurement, sourcing, or supply chain management.


• Minimum of 4+ years of experience in a management/supervisory role


• Knowledge of contract frameworks and contract management


• Knowledge of industry-specific regulations and compliance.


• Strong ethics and integrity in supplier relationships.


• Background in Banking, financial institution, or fintech is preferred


• General understanding of risk, information security, business continuity/resumption, compliance, and legal



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