Vice President, Strategic Purchasing

1 week ago

Hong Kong Island, Hong Kong SAR China HKT Full time

As the Vice President of Strategic Purchasing , you will be responsible for leading and overseeing the strategic procurement function within the organization. You will develop and implement effective procurement strategies, policies, and processes to optimize the sourcing and acquisition of goods and services. Your primary goal will be to ensure that the organization obtains high-quality products and services at competitive prices while maintaining strong supplier relationships and adhering to ethical and sustainable procurement practices. Your Role Develop and implement procurement strategies aligned with the organization's goals and objectives. Lead and manage a team of procurement professionals, providing guidance, coaching, and performance feedback. Establish and maintain relationships with key suppliers, negotiate contracts, and monitor supplier performance. Identify cost-saving opportunities through effective negotiation, strategic sourcing, and supplier consolidation. Collaborate with cross-functional teams to understand their procurement needs and provide guidance on sourcing strategies. Ensure compliance with procurement policies, procedures, and regulatory requirements. Monitor market trends and developments to identify new sourcing opportunities and potential risks. Drive continuous improvement initiatives to streamline procurement processes and enhance operational efficiency. Implement sustainable procurement practices, including the evaluation of suppliers' environmental and social impact. Develop and maintain metrics and key performance indicators (KPIs) to measure procurement effectiveness and identify areas for improvement. Stay updated on industry best practices and emerging trends in procurement and supply chain management. To Succeed in this Role Bachelor's degree in business, supply chain management, or a related field. A master's degree is preferred. Proven experience in procurement, strategic sourcing, and supplier management, with at least 10 years in a leadership role. In-depth knowledge of procurement processes, contract management, and supplier relationship management. Strong negotiation and influencing skills, with a track record of achieving cost savings and supplier performance improvements. Excellent analytical and problem-solving abilities, with the ability to analyze complex data and make strategic decisions. Solid understanding of ethical and sustainable procurement practices. Strong leadership and team management skills, with the ability to motivate and develop a high-performing procurement team. Excellent communication and interpersonal skills, with the ability to collaborate effectively with internal stakeholders and external suppliers. Proficiency in procurement software and systems. Professional certifications such as Certified Professional in Supply Management (CPSM) or Certified Purchasing Manager (CPM) are desirable. #J-18808-Ljbffr

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