Procurement Director Responsibilities and Duties

Posted in Job Responsibilities

Develop sourcing and procurement activities that support key business objectives.

Develop and execute a long-term strategy to facilitate improvements for Procurement Services.

Ensure the execution of procurement strategies across the firm to ensure consistent and high quality value delivery.

Implement best practices in procurement and supplier management to support commercial and operational objectives.

Ensure the execution of standards, controls, policies, procedures and performance metrics to effectively and efficiently manage the acquisition and reporting of third-party spend across the company.

Lead rigorous and objective contract negotiations with key internal stakeholders, legal department and support groups.

Conduct business review meetings with key stakeholders to assess risk, review future strategies, and identify potential cost down and improvement opportunities.

Identify areas for improvement to continually drive performance and business results.

Maintain strong working relationships with strategic suppliers to assure cost, quality, and delivery targets are met.

Manage recruiting, training and supervising a team of Category Managers who are responsible for day-to-day category management activities.

Oversee the development and execution of sourcing strategies across all categories within span of control including targets, timelines and resource plans.

Build market intelligence capabilities within the category management team on key markets, suppliers and solutions to support strategy development purposes.

Analyze market and delivery trends so as to develop procurement technologies and processes that support those trends.

Update procurement strategies based on changing market conditions.

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