Head of Procurement Operations
2 weeks ago
Overview:
The Head of Procurement Operations will take charge of enhancing and streamlining the procurement processes and strategies within the organization. This position entails formulating and executing procurement policies, managing vendor relationships, and ensuring cost-efficient purchasing while upholding superior quality standards.
The Head of Procurement Operations will work closely with various departments to synchronize procurement strategies with the company's objectives and enhance operational efficiency.
This role will oversee a team across multiple locations and will report directly to the Vice President of Materials and Planning.Responsibilities:
- Formulate and execute procurement strategies that align with Resonetics' objectives and growth initiatives.
- Set and manage procurement goals, objectives, and key performance indicators (KPIs).
- Cultivate and sustain robust relationships with suppliers and vendors.
- Negotiate contracts, pricing, and terms with suppliers to achieve optimal agreements.
- Assess supplier performance and implement enhancement plans as necessary.
- Lead, mentor, and develop the procurement team to improve their skills and performance.
- Promote a collaborative and high-performance work culture.
- Implement cost-reduction initiatives and process enhancements.
- Ensure procurement activities adhere to company policies, legal standards, and ethical practices.
- Identify and mitigate risks related to procurement activities.
- Collaborate with Finance, Operations, Sales, and Legal to ensure alignment and address procurement requirements.
- Support new product development and project initiatives by sourcing and procuring essential materials and services.
- Conduct market analysis to identify potential suppliers and industry trends.
- Prepare and present reports on procurement activities, expenditure analysis, and performance metrics.
- Utilize data to inform decision-making and drive continuous improvement.
Qualifications:
- Capacity to work collaboratively across departments and with external partners.
- Bachelor's degree in Supply Chain Management, Business Administration, or a related discipline.
- Strong communication and interpersonal skills.
- Exceptional analytical and problem-solving capabilities.
- At least 7 years of experience in procurement or supply chain management, with a minimum of 5 years in a managerial or director-level capacity.
- Experience managing multiple sites.
- Willingness to travel as required.
- Proficiency in procurement software and tools (e.g., ERP systems).
- Demonstrated success in developing and executing procurement strategies, managing supplier relationships, and leading teams.
- Strong negotiation and contract management expertise.
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