For a Senior Procurement Manager role, typically necessitating substantial experience and leadership capabilities in procurement and supply chain management:
<ul>
<li>Extensive Experience: A proven track record of successful procurement management, often with a minimum of 8-10 years of experience in procurement, sourcing, and supply chain functions.</li>
<li>Strategic Vision: Adeptness in developing and implementing strategic procurement strategies aligned with organizational objectives. This includes supplier relationship management, cost-saving initiatives, risk mitigation, and optimizing procurement processes.</li>
<li>Leadership and Team Management: Demonstrated ability to lead and manage a team, providing guidance, mentorship, and fostering a collaborative work environment. Leadership skills are crucial for overseeing and coordinating procurement activities across multiple teams or locations.</li>
<li>Negotiation Skills: Proficiency in negotiation and contract management to secure favorable terms and agreements with suppliers, while maintaining ethical and professional relationships.</li>
<li>Supplier Relationship Management: Strong capabilities in cultivating and managing relationships with key suppliers, ensuring a reliable supply chain, quality goods/services, and cost-effectiveness.</li>
</ul>

The job role of Senior Procurement Manager in Singapore is projected to experience significant growth in the market. According to a 10-year analysis, the position has shown an increasing demand and is expected to continue expanding. With Singapore's position as a major global trading hub, more companies are recognizing the importance of efficient procurement strategies. This has resulted in an upward trend in employment opportunities for skilled professionals in this field. Based on current data points, the future looks promising for individuals seeking a career as a Senior Procurement Manager in Singapore.

How to Learn

As a Senior Procurement Manager in Singapore with 6-9 years of experience, your main responsibilities include:<ul><li> Developing and implementing procurement strategies and policies that align with business goals, while maintaining compliance with industry regulations and ethical standards.</li><li> Managing the end-to-end procurement process, from sourcing and vendor selection to negotiation and contract management, ensuring cost savings and quality control.</li><li> Building and maintaining relationships with suppliers, stakeholders, and cross-functional teams to ensure a reliable and efficient supply chain, while resolving any issues that arise.</li><li> Monitoring and reporting on procurement performance metrics, identifying opportunities for process improvement, and driving innovation in procurement practices.</li></ul>

Roles & Responsibilities

Average take home Salary for a Senior Procurement Manager in Singapore is around $83218 per year

Salary Breakup

Procurement managers, also known as purchasing managers, manage a company’s sourcing capabilities and supply chain. They are responsible for strategizing and negotiating with suppliers and vendors in order to acquire the most cost-effective deals and to reduce procurement expenses.

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Senior Procurement Manager

Salary Breakup

Skills That Affect Senior Procurement Manager Salaries

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