What are the responsibilities and job description for the Procurement Manager position at mco?
Job Summary:
We are seeking a detail-oriented and strategic Procurement Manager to join our team. The candidate will be responsible for overseeing the procurement process for our retail operations, ensuring that we source high-quality products at competitive prices. The Retail Procurement Manager will work closely with suppliers, and internal stakeholders to optimize supply chain efficiency and drive profitability.
Key Responsibilities:
- Cost Management: Analyze pricing structures and market conditions to negotiate favorable terms and pricing. Implement cost-saving initiatives and monitor procurement budgets.
- Supplier Management: Identify, evaluate, and negotiate with suppliers to establish and maintain partnerships. Monitor supplier performance and ensure compliance with contracts and service level.
- Strategic Sourcing: Develop and execute sourcing strategies to meet the organization's procurement objectives. Conduct market research to identify potential suppliers and industry trends.
- Inventory Coordination: Collaborate with distribution management and suppliers to forecast demand. Ensure optimal stock levels are maintained to meet brand demands without excessive overstock.
- Cross-Functional Collaboration: Work closely with distribution management, manufacturers, store design, and store operations teams to align procurement efforts with business strategy. Communicate procurement updates.
- Compliance and Risk Management: Ensure that procurement activities comply with company policies, and legal requirements. Identify potential risks within the supply chain and develop mitigation strategies.
- Performance Metrics: Develop and monitor key performance indicators (KPIs) related to procurement activities. Prepare reports and presentations to communicate findings and recommendations.
Qualifications:
- Bachelor’s degree in business administration, Supply Chain Management, or a related field.
- 5 years of experience in procurement, sourcing, or supply chain management.
- Strong negotiation skills and experience in supplier management.
- Excellent analytical skills and ability to make data-driven decisions.
- Strong communication and interpersonal skills to build relationships with suppliers and internal teams.
Benefits:
- Competitive salary.
- Health, dental, and retirement benefits
- Employee discounts and perks.