Procurement Manager
Ituka Technologies · Princeton, NJ, US · Full Time · USD 50,000 to 75,000 per year
Overview
The Procurement Manager will play a critical role in the Vendor Management department by overseeing the drafting of procurement contracts. This position is essential for ensuring that agreements with suppliers align with the organization's goals and compliance requirements. The ideal candidate will possess strong contract negotiation skills and have a solid background in procurement processes.
Key Responsibilities
- Draft procurement contracts that accurately reflect the terms and conditions agreed upon with suppliers.
- Collaborate with various internal stakeholders to gather requirements and ensure that contracts meet the organization's needs.
- Review and analyze contract terms to identify potential risks and ensure compliance with legal and regulatory standards.
- Engage in contract negotiations with suppliers to achieve favorable terms for the organization.
- Maintain organized records of all procurement contracts and related documentation for easy access and reference.
- Monitor contract performance and work with suppliers to address any issues that arise during the contract lifecycle.
- Provide guidance and support to team members regarding procurement practices and contract management.
- Stay updated on industry trends and best practices in procurement and contract management.
Required Qualifications
- A minimum of 5 years of experience in procurement or contract management.
- Proven skills in contract negotiation, with a track record of achieving beneficial outcomes for previous employers.
- Strong understanding of procurement processes and the ability to draft clear, concise contracts.
- Excellent analytical skills to assess contract terms and identify potential risks.
- Effective communication skills to liaise with internal teams and external suppliers.
- Strong organizational skills and attention to detail to manage multiple contracts simultaneously.
Preferred Qualifications
- Experience working in a similar role within a vendor management or procurement department.
- Familiarity with legal terminology and compliance requirements related to procurement contracts.
- Certification in procurement or contract management (e.g., CIPS, CPM) is a plus.
- Proficiency in contract management software and tools.
- Ability to work independently and as part of a team in a fast-paced environment.