• Identify and source new suppliers and vendors
• Manage vendor and supplier selection process based on price, quality, support, capacity and reliability
• Establish and update an approved vendor/supplier database
• Develop, negotiate and administer purchasing agreements and contracts with suppliers in support of organizational requirements
• Evaluate contracts to ensure compliance with legal requirements and organizational policies
• Monitor supplier and vendor compliance with contractual agreements
• Measure and manage the vendor and supplier cost, quality and delivery performance
• Oversee supplier compliance with internal quality standards and external regulations
• Troubleshoot cost, quality and delivery concerns
• Manage risk relating to quality, cost, delivery and supply of purchases
• Introduce performance improvement measures for suppliers and vendors
• Monitor and reduce purchase variances to meet profit objectives
• Produce regular reports on purchase commitments, costs and delivery performance
• Oversee the operations and daily activities of the purchasing department
• Good knowledge of commodity price and process cost preparation
• Developing and implementing purchasing strategies.
• Experience as a Purchase Manager or in a similar position.
• Deep knowledge of inventory and supply chain management.
• Excellent communication skills, both written and verbal.
• Strong critical thinking and negotiation skills.
• Strong planning and organizational skills.
• Good knowledge of die casting, machining, forging and other manufacturing processes is an added advantage
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