Director of Procurement Salary in Loretto, Virginia

The Director of Procurement evaluates and develops strategic supplier relationships, negotiates contracts, and implements systems for monitoring performance, assessing risk, and responding to changes in demand or disruptions in the supply chain. Directs the procurement and purchasing operations and strategy to provide the materials and services to meet organizational requirements for quality, volume, availability, and pricing. Being a Director of Procurement designs processes and systems and utilizes technical tools to analyze data and increase responsiveness to material demands. Collaborates with other functions to define current and future inventory requirements and manage inventory levels. In addition, Director of Procurement incorporates auditing processes to ensure procurement and recordkeeping comply with any applicable industry or governmental regulations. Requires a bachelor's degree. Typically reports to senior management. The Director of Procurement manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Working as a Director of Procurement typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. (Copyright 2024 Salary.com)

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