Sourcing and Procurement Lead needed at Avetium Consult Limited

4 weeks ago

Job title : Sourcing and Procurement Lead

Job Location : Lagos

Deadline : March 04, 2024

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Responsibilities:

  • Develop and implement strategic sourcing strategies aligned with the companys objectives and budgetary requirements.
  • Identify potential suppliers and conduct comprehensive market research to assess their capabilities, pricing, and quality of goods and services.
  • Cultivate and maintain strong relationships with existing and potential suppliers to negotiate favorable terms and conditions.
  • Monitor supplier performance and conduct regular vendor evaluations to ensure compliance with contractual agreements and quality standards.
  • Lead contract negotiations with suppliers to secure favorable pricing, terms, and conditions.
  • Draft, review, and finalize procurement contracts and agreements in collaboration with the legal department.
  • Continuously evaluate sourcing processes and identify opportunities for cost reduction and optimization without compromising quality or service levels.
  • Implement cost-saving initiatives and leverage economies of scale through bulk purchasing and strategic partnerships.
  • Streamline procurement processes and procedures to enhance efficiency and productivity.
  • Implement best practices and technological solutions to automate manual tasks and improve procurement cycle times.
  • Develop, implement, and maintain comprehensive procurement policies, procedures, and standards, ensuring strict compliance with GDPR and NDPR regulations as well as alignment with organizational needs.
  • Lead the preparation, issuance, and evaluation of Requests for Proposals (RFPs), Requests for Quotations (RFQs), and bids.
  • Monitor and track procurement requests and expenditures to ensure budget adherence and data privacy compliance.
  • Collaborate with various departments to understand their procurement needs and provide support as required.
  • Ensure full compliance with relevant data privacy laws and regulations throughout the procurement process.
  • Champion data protection and security in all procurement activities, in strict alignment with GDPR and NDPR requirements.
  • Manage procurement documentation and records, ensuring that all documents are organized and readily accessible for audits.
  • Collaborate with cross-functional teams to create and manage supplier scorecards, using data to make informed decisions about vendor relationships.
  • Assist in the development of procurement-related training programs for employees, promoting awareness of data privacy and compliance.
  • Prepare and present reports to senior management regarding procurement activities, compliance, and vendor performance.
  • Oversee the development and implementation of supplier diversity initiatives in alignment with the organizations goals.
  • Ensure transparency and accountability in all procurement transactions and maintain a high level of ethics and integrity.
  • Perform other duties as may be required by the line manager.

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