Procurement Manager at RevenStrat Integrated Services

At RevenStrat, we specialize in providing strategic solutions to startups and large enterprises. Our expertise includes refining business strategies, generating leads, and maximizing commercial potential. We also excel in revitalizing corporate identities and crafting captivating digital and traditional content to enhance visual communications. We are committed to helping Nigerian SMEs navigate complexity and uncertainty, boosting sales, and transforming businesses effectively and efficiently.

We are recruiting to fill the position below:

Job Title: Procurement Manager

Location: Lagos
Employment Type: Full-time (On-site)

Job Summary

• We are seeking an experienced and detail-oriented Procurement Manager with a background in retail or supermarket environments.
• This role is responsible for overseeing our procurement processes, ensuring cost-effective purchasing strategies, maintaining relationships with vendors, and managing inventory to meet the organization’s goals.
• The ideal candidate will have strong analytical skills, excellent negotiation abilities, a thorough understanding of supply chain management and proficiency in using ICG ERP software to streamline and manage procurement functions effectively.

Key Responsibilities
Vendor Management:

• Build and maintain relationships with suppliers, negotiating favorable terms and conditions.
• Evaluate vendor performance and ensure the delivery of high-quality products.

Procurement Processes:

• Develop and implement procurement strategies that align with company goals and budget constraints.
• Ensure the timely procurement of goods, avoiding stockouts and excessive inventory levels.
• Work closely with inventory control to maintain optimal stock levels.

Financial Management:

• Conduct financial analysis to manage and monitor procurement budgets.
• Track and report on savings achieved through cost-effective procurement strategies.

Supply Chain Management:

• Oversee the end-to-end supply chain process, ensuring efficiency and accuracy.
• Address and resolve any supply chain or inventory issues that may arise.

Data Analysis and Reporting:

• Use analytical skills to assess purchasing data, identifying trends and potential cost-saving opportunities.
• Prepare and present reports on procurement activities, savings, and vendor performance.

Compliance and Documentation:

• Ensure all procurement activities adhere to company policies and industry standards.
• Maintain organized records and documentation for auditing purposes.

Team Collaboration:

• Work closely with various departments, including finance, operations, and logistics, to ensure procurement aligns with business needs.
• Assist in training and guiding junior procurement staff as needed.

Key Performance Indicators (KPIs):

• Cost Savings: Achieve target cost reductions (e.g., 5% savings on total procurement spend annually) through negotiation and strategic sourcing.
• Supplier Performance: Ensure at least 95% of suppliers meet or exceed agreed quality and delivery standards.
• Inventory Turnover: Maintain an optimal inventory turnover rate (e.g., 6-8 turns per year), balancing stock levels with demand.
• Procurement Cycle Time: Reduce the average time taken to complete procurement processes, targeting a specific benchmark (e.g., under 10 business days for standard orders).
• Budget Adherence: Stay within the approved procurement budget, minimizing variances and ensuring accurate forecasting.
• Order Accuracy: Maintain a high accuracy rate (e.g., 98%) for purchase orders to ensure correct quantities and specifications.
• Supplier Lead Time: Optimize and reduce supplier lead times, ensuring timely delivery of goods to prevent stockouts.
• Compliance Rate: Achieve 100% compliance with internal procurement policies and external regulatory requirements.
• Cost Savings Through Strategic Sourcing: Track and report on cost savings achieved from improved supplier terms, reduced shipping costs, and bulk purchasing.

Qualifications

• Bachelor's Degree (B.Sc) or Higher National Diploma (HND) in Business, Supply Chain Management, Procurement, or a related field (or equivalent work experience)
• Must have 4-6 years experience
• Proven experience in procurement, purchasing, or supply chain management, specifically within a retail or supermarket setting
• Professional certification in procurement or supply chain management (e.g., CPSM, CIPS) is preferred.

Application Closing Date
30th November, 2024; 12;00 AM.

How to Apply
Interested and qualified candidates should:
Click here to apply online
Or
Send their CV and Cover Letter to: [email protected] using the Job Title as the subject of the email.