Job Description: Purchase Head

About the Role:

We are seeking a highly motivated and experienced Procurement Head to join our dynamic team. The Procurement Head will be responsible for developing and implementing a comprehensive procurement strategy that aligns with the company's overall business objectives. This role requires a strategic thinker with strong negotiation, analytical, and leadership skills.

Key Responsibilities:

- Develop and execute procurement strategies:

- Define and implement procurement policies, procedures, and best practices.

- Conduct market research and analysis to identify potential suppliers and negotiate favorable contracts.

- Develop and manage supplier relationships, including performance monitoring and risk assessment.

- Identify and implement cost-saving initiatives across all procurement categories.

- Manage the procurement process:

- Oversee all stages of the procurement process, from sourcing and evaluation to contract negotiation and supplier management.

- Utilize procurement technologies and tools to streamline processes and improve efficiency.

- Ensure compliance with all relevant regulations and industry standards.

- Lead and mentor the procurement team:

- Build and lead a high-performing procurement team.

- Provide guidance, training, and mentorship to team members.

- Foster a collaborative and results-oriented team environment.

- Strategic sourcing and supplier management:

- Identify and develop long-term relationships with key suppliers.

- Conduct regular supplier performance reviews and address any issues proactively.

- Develop and implement a supplier diversity program.

- Risk management:

- Identify and mitigate potential procurement risks, such as supply chain disruptions and price fluctuations.

- Develop and implement a robust risk management framework.

- Reporting and analysis:

- Prepare and present regular reports on procurement performance, including key metrics such as cost savings, supplier performance, and contract compliance.

- Conduct data analysis to identify areas for improvement and inform strategic decision-making.

Qualifications:

- Bachelor's degree in Mechanical Engineering is a MUST.

- 10+ years of experience in procurement, with at least 5 years in Fastener industry is a MUST.

- Proven experience in developing and implementing successful procurement strategies.

- Strong negotiation and analytical skills.

- Excellent communication and interpersonal skills.

- Experience with procurement software and tools (e.g., ERP systems, e-procurement platforms).

- Strong leadership and mentorship skills.

- Ability to work independently and as part of a team.

- Strong problem-solving and decision-making skills.

- Experience in a fast-paced and dynamic environment.

Benefits:

- Competitive salary and benefits package.

- Opportunity to work with a dynamic and growing company.

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