Senior Director - Procurement

Job Title

Senior Director - Procurement

Division/Department

Reporting To

(in Job Title)

TBC

Direct Subordinates

(in Job Title)

VP – Operations

Principal Work Location

HK / Shenzhen

Basic Function (in one statement)

The Senior Director - Procurement will be responsible for leading the procurement strategy in Computime, ensuring that all purchasing activities are aligned with the company's strategic objectives

Primary Duties and Responsibilities

(Including any other ad hoc duties assigned from time to time)

Strategic Leadership:

• Formulate and execute procurement strategies specifically tailored to the electronic manufacturing sector, with an emphasis on cost efficiency and quality assurance.
• Provide leadership, mentorship, and development opportunities for the procurement team to achieve departmental objectives and foster a culture of continuous improvement.
• Conduct regular assessments of procurement processes and implement best practices to enhance operational efficiency.
• Develop long-term procurement plans that align with the company’s growth and innovation strategies.

Supplier Management:

• Establish and maintain robust relationships with key suppliers within the electronic manufacturing industry, negotiating contracts to secure favorable terms and conditions.
• Monitor supplier performance through regular reviews and audits to ensure compliance with established quality standards and delivery timelines.
• Collaborate with suppliers to drive innovation and improvements in product development and supply chain processes.
• Develop a supplier risk management framework to identify and mitigate potential risks associated with supplier relationships.

Cost Management:

• Identify opportunities for cost reduction and efficiency enhancements within the procurement process, particularly concerning electronic components and materials.
• Conduct comprehensive market analysis to inform purchasing decisions, ensuring access to cutting-edge technologies and competitive pricing.
• Implement strategic sourcing initiatives to optimize the supply base while maintaining quality and service levels.
• Analyze total cost of ownership (TCO) for key components to drive informed purchasing decisions.

Cross-Functional Collaboration:

• Collaborate with engineering, production, and research and development teams to ensure procurement activities are aligned with product development and manufacturing requirements.
• Participate in cross-functional teams to drive initiatives that support organizational objectives and enhance product quality.
• Facilitate communication between procurement and other departments to ensure alignment on project timelines and requirements.
• Support new product introduction (NPI) processes by providing insights on material availability and sourcing strategies.

Risk Management:

• Assess and mitigate risks associated with procurement activities, including supply chain disruptions, compliance challenges, and fluctuations in material costs.
• Ensure that procurement practices comply with relevant industry regulations and standards.
• Develop contingency plans to address potential supply chain disruptions and ensure business continuity.
• Monitor geopolitical and economic trends that may impact the supply chain and adjust procurement strategies accordingly.

Performance Metrics:

• Develop and monitor key performance indicators (KPIs) to evaluate the effectiveness of procurement activities and report progress to senior management.
• Prepare and present comprehensive procurement reports and analyses to stakeholders, highlighting opportunities for improvement.
• Implement benchmarking practices to compare procurement performance against industry standards and best practices.
• Conduct regular training sessions for the procurement team to enhance skills and knowledge related to procurement processes and tools.

Qualification and Experience Required

(Including education, industry/functional work experience, competency, personal qualities, etc.)

• Bachelor’s degree in Business Administration, Supply Chain Management, Engineering, or a related field.
• A minimum of 10 years of experience in procurement or supply chain management within the electronic manufacturing sector, including at least 5 years in a leadership capacity.
• Strong negotiation skills and experience in managing supplier relationships in a technical context.
• Demonstrated success in implementing cost-saving initiatives and enhancing procurement processes specific to electronic components.
• Excellent analytical and problem-solving capabilities, with a proven ability to make data-driven decisions.
• Strong communication and interpersonal skills, with the ability to work effectively within cross-functional teams.
• Proficiency in procurement software and tools, as well as the Microsoft Office Suite.
• Familiarity with lean manufacturing principles and their application in procurement processes is a plus.
• Experience with sustainability initiatives in procurement, focusing on environmentally friendly sourcing practices.
• Solid experience in applying AI and advanced analytics will be a strong advantage

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