In this role, the Assistant Purchasing Manager is responsible for managing pricing strategies and procurement activities to optimize profitability and ensure a reliable supply chain for our distribution operations.
• Develop and implement pricing strategies and policies in collaboration with senior management, considering market dynamics, competitive landscape, and customer demand.
• Analyze pricing data and market trends to identify opportunities for pricing optimization, including adjusting pricing tiers, discounts, and promotions to maximize sales and profitability.
• Collaborate with sales and marketing teams to align pricing strategies with business objectives, supporting product launches, promotions, and sales initiatives.
• Manage relationships with suppliers and vendors, negotiating contracts and agreements to secure favorable pricing, terms, and conditions.
• Lead procurement activities, including sourcing suppliers, evaluating proposals, and selecting vendors based on quality, cost, reliability, and service.
• Monitor supplier performance and compliance with contractual agreements, addressing any issues or concerns to ensure a reliable and efficient supply chain.
• Develop and maintain strong relationships with key stakeholders, including internal departments, suppliers, and customers, to facilitate effective communication and collaboration.
• Utilize procurement software and tools to streamline procurement processes, track inventory levels, and manage purchasing activities efficiently.
• Stay updated on industry trends, regulatory requirements, and best practices in pricing and procurement, continuously seeking opportunities for process improvement and innovation.
• Lead, coach, and develop a team of purchasing/pricing professionals. Provide guidance, set performance goals, conduct performance evaluations, and ensure the team's adherence to best practices, policies, and procedures.
• Continuously improve purchasing / pricing processes to enhance efficiency, reduce costs, and streamline operations. Evaluate and implement procurement technologies, such as e-procurement systems, to automate processes and improve data accuracy and reporting capabilities.
• Identify and mitigate procurement / pricing-related risks, such as supply chain disruptions, quality issues, and compliance risks. Develop risk management strategies, implement robust supplier qualification processes, and monitor key risk indicators.
• Collaborate with internal stakeholders, including operations, finance, and legal departments, to understand their purchasing needs, align strategies, and support project requirements. Foster strong relationships and effective communication to ensure procurement / pricing objectives are met.
• Ensure compliance with relevant laws, regulations, and ethical standards in all procurement/ pricing activities. Establish and enforce policies and procedures to promote fair and ethical practices throughout the purchasing /pricing process.
• Data analysis and reporting tracking and analyzing relevant data and sharing on a daily, weekly or monthly with the CEO and team members.
• Cost management implementing cost controls measure to optimize purchasing/ pricing activities. This includes analyzing cost, identifying cost saving opportunities.
