Lead Procurement Head at Bancor Outsourcing

Full Time
Posted 1 month ago

Bancor Outsourcing offers peace of mind and budgeting with a set rental payment each month over a fixed term.

Lead Procurement Head at Bancor Outsourcing 1

JOB TITLE: Lead Procurement Head

JOB LOCATION: Ikeja, Lagos
Employment Type: Full-time


Procurement Duties

  • Discover the most profitable suppliers and initiate business partnerships
  • Negotiate with external vendors to secure the most advantageous terms for all products to be procured by the organisation
  • Ensure approval of the ordering process of necessary goods and services in company
  • Forecasting levels of demand for services and products to meet the business needs and keeping a constant check on stock levels;
  • Conducting research to ascertain the best products and suppliers in terms of best value, delivery schedules and quality;
  • Liaising between suppliers, manufacturers, relevant internal departments and customers;
  • Identifying potential suppliers, visiting existing suppliers, and building and maintaining good relationships with them;
  • Negotiating and agreeing contracts and monitoring their progress, checking the quality of service provided;
  • Processing payments and invoices;
  • Verify all requisition needs with user departments before initiating procurement process
  • Finalize details of orders and deliveries with user department and ensure same with the vendor
  • Examine and re-evaluate existing contracts for value addition and cost reduction objective 
  • Track and report key functional metrics to reduce expenses and improve effectiveness
  • Collaborate with key persons to ensure the clarity of the specifications and expectations of the company
  • Foresee alterations in the comparative negotiating ability of suppliers and clients
  • Anticipate unfavorable events through analysis of data and prepare control strategies
  • Perform risk management regarding supply contracts and agreements
  • Control spend andbuild a culture of long-term saving on procurement costs
  • Compliance to Dashboard / Fintrak Software usage.
  • Identify and secure suitable vendors for the Group and manage relationship with the vendors
  • Develop and Implement strategies, policies and Process documents / operating procedures for procurement.
  • Compliance to documented Procurement Process documents
  • Ensure accuracy of data and provide reports on the status of all procurement activities
  • Other duties as assigned by the Lead, Admin, Procurement and Asset Management or MD
  • Re-stocking of all store items within one week upon receipt of requisition from the store
  • All memos received by procurement department shall be duly treated within 24 hours of receipt
  • Onboarding of new vendors for spare parts shall be made within four weeks
  • Level of projected integrity arising from relationship with vendors and perceived from line Manager
  • Google sheet daily updating
  • Total cost savings
  • Quality of items delivered: % reduction in defects rate
  • Timely delivery of products ordered
  • Cost avoidance measure
  • Number of stock outs reported
  • Level of improvement in procurement systems
  • Number of purchase request converted to accounting transactions
  • Procurement turnaround time
  • Level of conflict of interest


  • B.Sc / HND in Mechanical Engineering

Minimum Experience:

  • 7 years working experience in a Logistics is needed.

Interested and qualified candidates should send their CV to: [email protected] Cc [email protected] using the Job Title as the subject of the mail.

Deadline: September 30, 2021

Job Features

Job CategoryProcurement Officer