Summary:
The Procurement Director is a senior leadership role that is responsible for developing and implementing the procurement strategy for the company. This individual will oversee the company's procurement function, ensuring the timely and cost-effective acquisition of equipment, goods, and services across both direct and indirect categories. This position combines strategic planning, supplier relationship management, invoice reconciliations, negotiation, data analysis, and process optimization to drive value, efficiency, and compliance throughout the purchasing lifecycle. The Procurement Director collaborates closely with internal stakeholders to align procurement activities with organizational goals and project timelines.
The Procurement function will negotiate and oversee contracts and agreements with the suppliers and vendors. It is responsible for drafting, reviewing, and approving the contracts, and ensuring they meet the legal and ethical requirements. The function will manage the contract lifecycle, from initiation to termination, and manage any disputes or issues that may arise.
Duties and Responsibilities will include the following:
- Identify spend categories and align the procurement schedule/priorities with internal stakeholders
- Develop and implement procurement strategies to optimize cost savings and operational efficiencies across both direct (operations) and indirect (selling, general and administrative)
- Standardizing procurement processes, championing change management initiatives that will increase cost efficiency, vendor compliance and add value to Lazer.
- Partners with functional owners, such as Finance, Operations, and Legal while leading negotiations and RFPs with vendors. Secure favorable terms and conditions
- Ownership of contract and agreement lifecycle
- Monitor, analyze, communicate, and address supplier/servicer performance and adherence to service level agreements. Resolve issues or disputes that may arise.
- Routine forecasting and reporting on operational and financial metrics and KPIs
- Analyze capital plans and rolling forecasts of projected business needs, incorporating them into project plans
- Stay abreast of industry trends, market conditions and regulatory requirements to inform purchasing decisions and maintain best practices
- Build and maintain strong supplier relationships, negotiate contracts and agreements to secure favorable terms, discounts, and marketing support
- Analyze procurement data and market trends to identify opportunities for cost reductions, process improvement, and enhanced supplier performance
- Support vendor onboarding and training
#LI-Hybrid Pay Range: - , General Benefits:
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