Procurement Manager
3 days ago
GMG is a global well-being company that retails, distributes, and manufactures leading international and home-grown brands across sport, everyday goods, health, and beauty sectors.
We are looking for an experienced procurement professional to join our team as a Procurement Officer. The successful candidate will be responsible for managing IT, General Procurement, and contracting related activities for GMG in a transparent, timely, and cost-efficient manner.
Key Responsibilities:- Policy Development: Assist in developing the department's policies, standards, rules, and procedures for cost-effective procurement operations.
- Procurement Management: Supervise procurement and contract management activities guided by GMG's policies, procedures, and processes.
- Stock Verification: Oversee physical verification and reconciliation of stock on a monthly basis to ensure compliance with the group's cost criteria.
- Inventory Management: Maintain controls and manage consumption patterns, costs, and inventory carrying costs to set inventory controls and monitor storage costs.
- Bidding Process: Manage competitive bidding processes, including generating RFPs/RFQs, receiving, opening, evaluating, and custody of received bids.
- Contract Monitoring: Monitor contracts progress and payment status, ensuring appropriate reporting of project contract status.
- Sourcing Strategies: Develop supplier sourcing strategies in consultation with relevant stakeholders to optimize cost and quality.
- Negotiations: Manage and monitor negotiations with vendors/suppliers of major services and critical contracts prices, credit terms, and other conditions of the agreement.
- Vendor Management: Ensure the development and maintenance of a vendor management system, including all information related to contractors engaged by GMG.
- Finance Collaboration: Collaborate with the Finance Department/Project Finance team on phasing fund requirements for procurement.
- Professional Growth: Stay abreast of professional developments, new techniques, and current issues through continued education and professional growth.
- Documentation: Manage the archiving of all documentation related to the Procurement Department, ensuring it is updated and available for future audit purposes.
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