Chief Procurement Officer

1 day ago

Kuala Lumpur, Kuala Lumpur, Malaysia MindMerge Consulting Full time 120,000 - 200,000 per year

Our client,a major transportation group of companies is looking for a person for the aboverole. Job PurposeResponsible for leading theprocurement strategy, operations, and supplier relationship management tooptimize cost, quality, and efficiency in support of the organisation'sobjectives. Accountablefor developing a strategic approach to the corporate procurement and materialmanagement process for the purchase, ensuring the efficiency andcost -effectiveness of the process within the organization, develop and/orupdate procurement policies and procedures and to ensure alignment withorganizational goals, compliance with regulations, and sustainability inprocurement practices. Key AccountabilitiesDevelop and implement a full procurement strategy to support organizational objectives; including liaising with senior management to adapt to strategic objectives, carrying out business intelligence, identifying the needs of the various business units;Lead procurement planning, forecasting, and budgeting to optimize cost and value across the organization group;Responsible for the overall EBITDA and revenue performance of the Group, with accountability for cost optimization initiatives. This includes driving these efforts and providing guidance to the relevant stakeholders;Establish strategic partnerships with suppliers/vendors to ensure quality, reliability, and cost -effectiveness;Manage tender process and get BOD approval;Forecast ongoing demand for goods and services, monitoring by milestones, implementing processes and tools;Conduct regular supplier performance reviews, negotiate contracts, and mitigate risks related to supply chain disruptions; including monitoring suppliers and procurement performance: drawing up specifications, defining key performance indicators;Stay updated on market trends, maintain an in -depth knowledge of industry developments and regulatory changes;Ensure ethical sourcing practices and compliance with Malaysian procurement regulations;Implement technology and data analytics to enhance procurement efficiency and transparency;Identify and manage procurement risks, ensuring compliance with company policies, government regulations, and international standards;Collaborate with cross -functional teams, including operations, finance, and legal, to align procurement with organizational goals; andLead, mentor, anddevelop a high -performing procurement team, fostering a culture of excellenceand accountability. This includes optimizing organization, recruiting newtalent, leading, and identify the best training programme and industrycertification for the team.

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