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Procurement Strategy Manager

2 months ago

Bettendorf, Iowa, United States Venanpri Group Full time
Job Overview

The Procurement Strategy Manager will be responsible for overseeing and optimizing the costs associated with the acquisition of hardware finished goods. This role involves identifying strategic supply partners and formulating sourcing policies that align with the company's objectives. The successful candidate will develop cost estimates and forecasts for procurement activities, negotiating contracts that are both reasonable and cost-effective.

Key Responsibilities:

  • Analyze and manage costs and expenditures related to procurement.
  • Drive purchasing decisions through market trend analysis and scenario evaluations.
  • Collaborate with procurement teams to identify potential suppliers and conduct market research.
  • Lead the procurement department, including hiring and training staff.
  • Maintain and enhance strategic sourcing relationships.

Essential Duties:

  • Participate in setting goals and budgets for the procurement function.
  • Negotiate contract modifications and manage vendor relationships.
  • Implement Total Cost of Ownership (TCO) improvements in collaboration with business partners.
  • Provide regular updates on project statuses and facilitate effective communication among team members.
  • Develop financial models to support business case evaluations for procurement deals.
  • Establish performance assessment criteria for existing suppliers and criteria for new partnerships.

Qualifications:

  • Bachelor's or Master's Degree in business, administration, or a related technical field.
  • A minimum of 5 years of experience in global procurement.
  • Strong problem-solving skills and a commitment to continuous improvement.
  • Proven leadership abilities and exceptional negotiation skills.