Head of Procurement

Our client, a major transportation group of companies is looking for a person for the above role. Job Purpose Responsible for leading the procurement strategy, operations, and supplier relationship management to optimize cost, quality, and efficiency in support of the organisation’s objectives. Accountable for developing a strategic approach to the corporate procurement and material management process for the purchase, ensuring the efficiency and cost-effectiveness of the process within the organization, develop and/or update procurement policies and procedures and to ensure alignment with organizational goals, compliance with regulations, and sustainability in procurement practices.

Key Accountabilities Develop 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; and Lead, mentor, and develop a high-performing procurement team, fostering a culture of excellence and accountability.

This includes optimizing organization, recruiting new talent, leading, and identify the best training programme and industry certification for the team.