Head of Procurement & Inventory at MyKiakia Online

MyKiaKia Online is your go-to destination for seamless online shopping experiences. A subsidiary of Najec FMCG that powers supply chain and fast moving commodities bringing products from different brands at affordable rates.

We are recruiting to fill the position below:

Job Title: Head of Procurement & Inventory 

Location: Nigeria

Job Description

• The Head of Procurement & Inventory will oversee the procurement, inventory management, and supply chain operations to ensure cost-effective, timely, and high-quality sourcing of goods and services. 
• The individual will develop and implement procurement and inventory strategies aligned with the company’s objectives, drive operational efficiency, and maintain strong supplier relationships.

Key Responsibilities
Procurement:

• Strategy Development: Develop and implement procurement strategies that align with the company's goals to ensure cost savings and risk mitigation.
• Supplier Management: Identify, assess, and maintain relationships with reliable suppliers and vendors to ensure continuous supply.
• Contract Negotiation: Lead negotiations to secure favorable terms, pricing, and delivery schedules for all procurement contracts.
• Policy Compliance: Ensure procurement processes adhere to organizational and regulatory policies, including ethical sourcing and sustainability initiatives.
• Market Research: Continuously analyze market trends and conduct price benchmarking to stay ahead of price fluctuations and supply chain challenges.

Inventory Management:

• Inventory Control: Design and implement inventory management systems to track stock levels, ensure optimal stockholding, and prevent overstocking or understocking.
• Demand Planning: Work closely with cross-functional teams to forecast demand, ensuring inventory levels align with business needs.
• Warehouse Operations: Oversee warehousing activities, ensuring effective storage, handling, and dispatch of inventory.
• Inventory Accuracy: Perform regular stock audits and reconcile variances to maintain accurate records.
• Obsolescence Management: Develop plans to minimize waste and manage slow-moving or obsolete inventory effectively.

Team Leadership:

• Leadership: Build, mentor, and lead a high-performing procurement and inventory team, fostering collaboration and accountability.
• Training: Identify skill gaps and provide training for team members to enhance their capabilities.
• Performance Management: Set team objectives andKPIs, and regularly review performance to drive continuous improvement.

Reporting & Analysis:

• Data-Driven Insights: Analyze procurement and inventory data to identify trends, optimize processes, and support strategic decision-making.
• Reporting: Provide detailed and accurate reports to senior management on procurement performance, inventory turnover, cost savings, and vendor performance.
• Risk Management: Identify and mitigate risks associated with procurement, supply chain disruptions, and inventory shortages.

Key Performance Indicators (KPIs)

• Cost Savings: Percentage reduction in procurement costs without compromising quality.
• Supplier Performance: On-time delivery rate, quality acceptance rate, and supplier compliance.
• Inventory Turnover Ratio: Frequency of inventory replacement in a given period.
• Stock Accuracy: Accuracy of inventory records versus physical counts.
• Procurement Cycle Time: Time taken to complete procurement requests.
• Reduction in Stockouts: Decrease in the number of stockouts affecting operations.
• Waste Reduction: Percentage of reduction in obsolete or expired inventory.

Qualifications and Experience
Education:

• Bachelor’s Degree in Supply Chain Management, Business Administration, Logistics, or a related field.
• A Master’s degree is an advantage.

Certifications:

• Professional certifications such as CIPS (Chartered Institute of Procurement & Supply), CPSM (Certified Professional in Supply Management), or APICS (Certified Supply Chain Professional).

Experience:

• Minimum of 10 years of experience in procurement, inventory management, or supply chain management, with at least 5 years in a leadership role.
• Proven track record of achieving cost savings and optimizing procurement and inventory processes.
• Experience across multiple industries or sectors is an advantage.

Key Attributes:

• Strong commercial acumen.
• Ability to thrive in a fast-paced, dynamic environment.
• Commitment to ethical sourcing and sustainability.
• Proactive and results-oriented mindset.

Required Skills and Competencies
Technical Skills:

• Expertise in procurement and inventory management software (e.g., SAP, Oracle, Microsoft Dynamics).
• Strong knowledge of supply chain management principles and practices.
• Familiarity with contract law, vendor compliance, and negotiation tactics.

Soft Skills:

• Excellent communication, negotiation, and interpersonal skills.
• Strategic thinking with strong analytical and problem-solving abilities.
• Leadership and team management skills.
• Attention to detail and organizational skills.

Career Growth Opportunity:

• This role offers a pathway to higher leadership positions, including Chief Operating Officer (COO) or Chief Procurement Officer (CPO), based on performance and contribution to organizational growth.

Application Closing Date
Not Specified.