Senior Procurement Manager
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About The Position
The Senior Manager of Procurement at ABC Automotive plays a pivotal role in leading the commodity procurement team to enhance strategic sourcing, execute cost-saving initiatives, and manage a global supply base that supports the manufacturing operations of the company. This position is integral to ensuring a reliable and efficient supply chain, which is critical for the success of the organization. The Senior Manager will be responsible for strategic planning, supplier relationship management, and cost optimization, all aimed at achieving operational excellence and competitive advantage in the automotive industry. In this role, the Senior Manager will collaborate with cross-functional teams, including finance, engineering, and operations, to develop annual procurement budgets and forecasts for assigned commodities. This involves analyzing historical spending patterns, market trends, and demand forecasts to accurately estimate future procurement needs and budgetary requirements. The Senior Manager will guide commodity managers through detailed cost analysis and benchmarking to identify opportunities for cost savings, value optimization, and process efficiencies within the commodity supply chain. Additionally, the role includes supporting commodity managers in negotiating pricing, terms, and contracts with suppliers to secure competitive pricing, volume discounts, and favorable payment terms while maintaining quality standards and supply chain reliability. The Senior Manager will ensure that the sourcing of purchased components aligns with the commodity strategy and meets the cost, quality, and delivery requirements established by the program team. This includes directing commodity buyer sourcing strategies to select suppliers based on cost competitiveness, quality, reliability, technical capabilities, and financial stability. The role also involves developing strategic relationships with key suppliers to drive continuous improvement initiatives, cost reduction programs, and value-added opportunities. Monitoring supplier performance against established metrics, such as cost savings targets and quality standards, is essential, and corrective actions will be taken as needed. Furthermore, the Senior Manager will work with cross-functional leaders to identify opportunities for value engineering, product optimization, and cost reduction through design innovation and process improvements. Implementing cost reduction initiatives, such as lean manufacturing practices and supply chain optimization projects, will be a key focus to achieve targeted cost savings and improve profitability. Risk management is another critical aspect of this role, as the Senior Manager will support supply risk initiatives to ensure continuity of supply at ABC plants, assess risks related to commodity price volatility, and develop risk mitigation strategies to minimize the impact of unforeseen events on cost and supply chain continuity. Finally, the Senior Manager will be responsible for monitoring and tracking procurement spending, cost savings initiatives, and budget variances against established targets and key performance indicators (KPIs). Regular reports and presentations for senior management will be prepared, highlighting budget performance, cost savings achievements, supplier performance, and strategic recommendations for continuous improvement.
