Lead Procurement Head at Bancor Outsourcing Limited

Bancor was founded in 2018 and is an emerging leader in Manpower Outsourcing, Support Services, Automotive and Allied Industry FZE, Equipment Rental and Leasing businesses across Africa, serving clients through the office in Lagos. Our commitment to creating lasting relationships, solutions and up to date providing equipment for rentals has made us an incredible dynamism in our industry.
We are recruiting to fill the position below: Job Title: Lead Procurement Head 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.
Application Closing Date 30th September, 2021.
Method of Application Interested and qualified candidates should send their CV to: recruitment@bancor.com.ng Cc ofolajimi@bancor.com.ng using the Job Title as the subject of the mail.

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