Manager/ Senior Manager - Purchase & Procurement (Local Procurement)

Job Description

Title: Manager/ Senior Manager - Purchase & Procurement (Local Procurement)

Company Name: Meghna Group of Industries.

Vacancy: --

Age: Na

Job Location: Dhaka (Gulshan)

Salary: Negotiable

Experience:

• At least 10 years
• The applicants should have experience in the following business area(s): Design/Printing/Publishing, Group of Companies

• Master of Business Administration (MBA)
• Bachelor of Science (BSc)

• At least 10 years
• The applicants should have experience in the following business area(s): Design/Printing/Publishing, Group of Companies

• Candidates with practical experience in ERP/ other software-based procurement & purchase activities will get preference.

• Negotiation skills with vendors/Suppliers.

• Good Command of verbal & written communication skills in both English & Bengali.

• Practical skills in MS Word, Excel, PowerPoint, and email communication.

• Data Management Skill.

Job Context:

Meghna Group of Industries (MGI) is one of the biggest & leading conglomerates in Bangladesh. MGI is searching some highly motivated, experienced and proactive professionals for its local purchase and procurement. The incumbent will lead a team and collaborate with various stakeholders to optimize purchasing activities, negotiate contracts, manage supplier relationships, and drive cost savings while ensuring quality and timely delivery of goods and services for different kinds of business units and will report to the department head.

Job Responsibilities:

• Vendor Management: Identify, evaluate, and onboard reliable raw materials, printing & packaging suppliers/vendors. Negotiate contracts, terms, and pricing agreements while maintaining positive relationships with local key suppliers. Monitor vendor performance, conduct regular assessments, and address any issues to ensure adherence to service level agreements (SLAs) and quality standards.

• Purchase Planning: Collaborate with internal stakeholders to understand their purchase requirements and create procurement plans accordingly. Anticipate demand, conduct market research, and analyze pricing trends to optimize procurement decisions and achieve cost savings without compromising quality.

• Purchase Order Processing: Manage the end-to-end purchase order process, ensuring accurate and timely creation, review, approval, and placement of purchase orders. Coordinate with internal departments, such as Finance and Operations, to ensure proper budget allocation and alignment with organizational policies and procedures.

• Cost Control and Negotiation: Identify opportunities to reduce procurement costs through strategic sourcing, volume discounts, alternative suppliers, and process improvements. Negotiate favorable terms, prices, and contracts with vendors while maintaining quality standards and timely delivery.

• Inventory Management: Collaborate with relevant stakeholders to forecast demand, manage stock levels, and optimize inventory. Implement effective inventory control mechanisms, monitor stock movements, and address any inventory-related issues to avoid stockouts or excess inventory.

• Compliance and Risk Management: Ensure compliance with applicable laws, regulations, and company-approved procurement policies. Establish robust internal controls to mitigate risks related to procurement activities, such as fraud, corruption, and conflicts of interest. Stay updated on relevant regulations and implement necessary changes.

• Team Leadership and Development: Lead and manage a team of procurement professionals, providing guidance, coaching, and support. Set performance objectives, conduct regular performance evaluations, and foster a collaborative and high-performing team culture.

• Process Improvement: Evaluate and improve procurement processes and workflows to enhance efficiency, accuracy, and transparency. Leverage technology and automation tools to streamline processes, improve data analytics, and optimize procurement outcomes.

• Reporting: Generate regular procurement reports, metrics, monitor key trends, and provide insights to senior management. Utilize data-driven approaches to drive decision-making and support the strategic initiatives of the management.