Procurement Planning & Budgeting Expert 64 views

Main Duties and Responsibilities

• Develop and implement annual and long-term procurement plans.
• Develop sourcing and procurement plan.
• Formulate sourcing and procurement budgets and submit recommendations for approval.
• Determine the costs associated with delivering sourcing and procurement objectives and activities.
• Analyse sourcing and procurement budget estimates for completeness, accuracy, and conformance with procedures and regulations.
• Conduct sourcing and procurement related cost analysis, fiscal allocation, and budget preparation.
• Compile and analyse accounting records and other data to determine the financial resources required to procure the needed resources, inputs and assets.
• Review procurement budgets to analyse trends affecting budget needs.
• Perform cost-benefit analysis, review financial requests or explore alternative sourcing and procurement methods.
• Verify proposed departmental budgets and consolidate into one overall budget.
• Sense check to establish whether requested budget is valid and within normal market escalation scenarios and proper budgeting governance frameworks.
• Obtain approval for requested budget at executive level.
• Collaborate with key stakeholders to ensure integrated and aligned operational intent from a budgeting point of view.
• Communicate, present and justify forecasted budget to senior management.
• Liaise with relevant stakeholders regarding budget requests.
• Perform budget forecasting analysis and translate into relevant budgets.
• Identify strategic suppliers based on the criticality of the goods or services they supply, and the complexity of the market.
• Develop and maintain valuable relationships with strategic suppliers across the business and ensure implementation of effective supplier relationship management.
• Design supplier-rating system to measure, evaluate and improve supplier performance, enabling the company to make informed future sourcing decisions.
• Participate in suppliers’ management processes, such as selection, qualification, or performance evaluation.
• Keep track of the performance of key suppliers against established performance metrics.
• Analyse information about supplier performance or procurement program success.
• Monitor suppliers’ activities to assess performance in meeting quality or delivery requirements.
• Analyse on-going viability of strategic supplier relationship and ensure it is delivering the expected benefits.
• Develop and track appropriate metrics to manage supplier performance and productivity.
• Develop and implement supplier performance improvement initiatives

Qualification and Experience

• Master’s degree in Procurement and Logistics Management, Supply Chain Management, Business Administration, Management or related fields of study with a minimum of four (4) years of demonstrated experience

OR

• Bachelor’s degree in Procurement and Logistics Management, Supply Chain Management, Business Administration, Management or related fields of study with a minimum of six (6) years of demonstrated experience.