Procurement Manager
ELARABY GROUP
Total years of experience :13 years, 4 Months
• Developing and implementing procurement strategies and policies.
• Managing the procurement process from sourcing to contract negotiation and final supplier selection.
• Identifying and evaluating potential suppliers based on their capabilities, reliability, and price competitiveness.
• Conducting market research and analyzing market trends to stay updated with supplier performance and industry best practices.
• Negotiating contracts and terms with suppliers to secure favorable pricing, operational support, and service level agreements.
• Collaborating with internal stakeholders, such as finance, operations, and quality assurance, to ensure alignment in procurement activities.
• Maintaining strong relationships with suppliers for effective collaboration and supplier performance monitoring.
• Ensuring compliance with relevant laws, regulations, and policies in procurement activities.
• Monitoring and managing supplier performance through key performance indicators (KPIs) and regular performance reviews.
• Identifying cost-saving opportunities and implementing cost reduction initiatives within the procurement function.
• Managing and developing a procurement team, if applicable, and providing guidance and support to team members.
• Conducting risk assessments and developing risk management strategies to minimize supply chain disruptions.
• Monitoring inventory levels and coordinating with the operational team to optimize inventory management.
• Participating in cross-functional projects or initiatives to support organizational goals and objectives.
Achievements:
• Transformed procurement function, led high-performing team of 10 Buyer specialists, maximized annual spending of $50 million, 15% cost reduction, boosted supplier diversity by 20%.
• Orchestrated strategic sourcing process, achieved 20% cost reduction. elevated supplier performance through vendor evaluation.
• Established 10% bonus program to promote culture of continuous improvement, 20% stockouts reduction.
• Conducted market research and analysis to identify sourcing opportunities and potential suppliers.
• Architected supplier diversity bases by identifying and qualifying new vendors, ensuring at least three alternative sources for each category.
• Standardized purchasing and contract management through robust instructions, policies, and procedures.
• Built a supplier performance database to track service, quality, and price, driving continuous improvement.
• Slashed costs through contract negotiation and targeted expense control strategies.
• Championed category management to optimize supplier performance and category compliance.
• Mentored and empowered junior procurement staff to accelerate their growth and expertise.
• Delivered data-driven insights through compelling reports and metrics, driving process improvements and leveraging technology for efficiency gains and faster cycle times.
•Pioneered innovative procurement practices by staying abreast of trends and best practices, integrated into strategies and processes.
•Cultivated customer-centricity through team coaching, fostering a culture of collaboration and exceeding customer expectations.
Achievements:
• Spearheaded process improvement projects across manufacturing, 20% increase in efficiency, 15% reduction in defect rate.
• Implemented forecasting models, techniques in supply management, remarkable 15% enhancement in demand accuracy.
• Secured 3-year top-tier supplier contracts, 15% reduction in procurement costs, annual savings exceeding $7M through strategic negotiations, vendor relationship management.
• Orchestrated a cross-functional team project that increased interdepartmental collaboration by 25%, fostering a culture of teamwork and communication across functions, resulting in streamlined processes, accelerated project delivery timelines.
• Piloted $600k quarterly procurement by expertly handling purchase orders and shipping documentation, ensuring accurate and timely delivery.
• Maintained consistent quality levels by collaborating with engineering to define detailed technical specifications and conduct regular conformance checks.
• Secured optimal supplier deals through competitive bidding processes, including RFPs, RFQs, and RFIs
• Overhauled vendor selection by comparing prices, specifications, and delivery schedules to identify the best bids.
• Negotiated win-win contracts with suppliers and vendors, securing favorable terms and competitive pricing.
• Streamlined material acquisition by creating and processing purchase orders for vendor materials and subcontractor services.
• Fostered strong supplier relationships through performance evaluation, issue resolution, and collaboration.
• Revamped vendor management strategies to enforce contractual obligations, ensuring compliance and optimizing performance; reduced vendor-related disputes.
• Partnered with suppliers for process improvement by driving manufacturing efficiency gains and upholding quality standards.
• Optimized transportation and delivery operations, implementing data driven route planning and scheduling strategies.
• Led vendor selection initiatives by issuing RFPs and conducting thorough supplier evaluations.
• Leveraged SAP ERP and MM to automate and streamline procurement processes.
Achievements:
• Slashed supplier costs 20% through data-driven vendor selection, unlocking enhanced performance and mutually beneficial partnerships.
• Transformed purchase order over 500 orders to ensure adherence to quality standards, timely delivery schedules 30% reduction in order processing time, 15% error reduction.
• Boosted on-time fulfillment to 98% and order accuracy through optimizing supply chain processes.
• Reduced excess inventory 15% and minimized carrying costs by designing and implementing effective inventory management systems and techniques.
• Issued accurate and timely financial statements, including balance sheets, income statements, and cash flow statements.
• Conducted in-depth financial analysis to identify trends, variances, and opportunities for improvement.
• Assisted in the development of annual budgets and forecasts.
• Monitored actual financial performance against budgeted targets and provided analysis on variances.
• Supported management with financial planning and decision-making.
• Reconciled general ledger accounts.
• Recorded and classified financial transactions accurately and in accordance with accounting principles.
• Performed month-end and year-end closing procedures.
• Ensured adherence to relevant financial regulations and internal policies.
• Assisted with internal and external audits, providing necessary information and documentation.
• Prepared and filed tax returns, including income tax, sales tax, and payroll tax.
• Stayed updated on tax laws and regulations to ensure compliance.
• Collaborated with cross-functional teams, such as finance, operations, and management, to gather financial information and provide insights.
• Prepared financial reports and presentations for senior management and stakeholders.
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