Senior Buyer

Job Summary: The Senior Buyer will play a pivotal role in the procurement process, responsible for sourcing, negotiating, and purchasing high-quality products and services to meet the company's operational needs. This position requires a strategic thinker with strong analytical skills and the ability to foster relationships with suppliers while ensuring cost-effective purchasing practices.

Key Responsibilities:

1. Strategic Sourcing:
   • Develop and implement sourcing strategies to optimize purchasing processes and reduce costs.
   • Identify and evaluate suppliers to ensure high-quality products and services that meet organizational standards.
2. Negotiation:
   • Lead negotiations with suppliers to secure favorable terms, pricing, and contracts.
   • Analyze market trends and supplier performance to make informed purchasing decisions.
3. Supplier Management:
   • Establish and maintain strong relationships with suppliers and vendors.
   • Monitor supplier performance and compliance with contract terms, addressing any issues that arise.
4. Inventory Management:
   • Collaborate with inventory management teams to forecast demand and ensure adequate stock levels.
   • Analyze inventory turnover rates to improve purchasing strategies and reduce excess inventory.
5. Cross-Functional Collaboration:
   • Work closely with other departments (e.g., Finance, Operations, and Marketing) to align procurement strategies with company goals.
   • Participate in cross-functional projects to improve overall business efficiency.
6. Market Research:
   • Conduct market research to stay updated on industry trends, pricing, and new products.
   • Utilize data analysis to inform purchasing decisions and identify cost-saving opportunities.
7. Compliance and Reporting:
   • Ensure compliance with company policies, industry regulations, and ethical standards in all purchasing activities.
   • Prepare and present regular reports on procurement activities, supplier performance, and budgetary adherence to management.
8. Team Leadership:
   • Mentor and guide junior buyers and procurement staff, fostering professional development and skill enhancement.
   • Contribute to the continuous improvement of procurement processes and systems.

Qualifications:

• Education: Bachelor's degree in Business Administration, Supply Chain Management, or a related field; Master's degree or professional certification (e.g., C.P.M., C.P.S.M.) preferred.
• Experience: Minimum of 5-7 years of experience in procurement or purchasing, with a proven track record in strategic sourcing and supplier management.
• Skills:
  • Strong negotiation and communication skills.
  • Proficiency in procurement software and ERP systems.
  • Excellent analytical and problem-solving abilities.
  • Ability to work collaboratively in a fast-paced environment.
  • Strong attention to detail and organizational skills.