Procurement Officer (225-722)

The Procurement Officer plays a crucial role in managing and enhancing the procurement operations within an organization. This role involves overseeing purchasing processes, ensuring cost efficiency, and maintaining quality standards. As a key player in the supply chain management, the Procurement Officer is responsible for strategizing and implementing procurement policies and procedures to optimize resource utilization. Their expertise in vendor management, contract negotiation, and market research contributes significantly to achieving the company's financial and operational goals. Being at the intersection of supply management and strategic sourcing, this position requires strong analytical skills, attention to detail, and the ability to forge and maintain strong professional relationships.

Responsibilities

• Develop and implement procurement strategies that align with company objectives and policies.
• Analyze market trends to identify potential suppliers and maintain a robust vendor base.
• Negotiate contracts, pricing, and terms with suppliers to secure the most advantageous terms.
• Monitor supplier performance and maintain relationships to ensure a reliable supply chain.
• Review and approve purchase orders, ensuring accuracy and compliance with company policies.
• Conduct cost analysis to identify cost-saving opportunities and optimize procurement operations.
• Coordinate with internal departments to understand procurement needs and requirements.
• Manage risks associated with procurement processes and supplier management.
• Maintain accurate records of purchases, pricing, and other significant procurement information.
• Prepare and present procurement reports and statistics to senior management for decision-making.
• Ensure compliance with legal and regulatory requirements in all procurement activities.
• Lead and mentor junior procurement staff to enhance their skills and knowledge.

Requirements

• Bachelor’s degree in Business, Supply Chain Management, or related field is required.
• Minimum of three years of experience in procurement or a similar role.
• Strong negotiation skills with the ability to build effective vendor partnerships.
• Proficiency in procurement and purchasing software tools and Microsoft Office Suite.
• Excellent analytical and decision-making skills to drive cost-effective solutions.
• Strong understanding of procurement processes and supply chain management principles.
• Exceptional communication skills, both written and verbal, are essential.
• Ability to multitask and manage priorities in a deadline-driven environment.
• Detail-oriented mindset with strong organizational and planning skills.