Procurement Officer (225-905)

A Procurement Officer is a crucial member of an organization responsible for acquiring goods and services that are essential for the company's operations. The role involves strategic planning, vendor negotiation, inventory control, and ensuring that procurement activities align with organizational goals. A Procurement Officer must work collaboratively with various departments to understand and fulfill their specific needs and ensure that the organization's procurement strategies are cost-effective and efficient. Additionally, the role requires staying updated with market trends and supply chain management to facilitate informed decision-making. The ideal candidate should possess strong analytical skills, excellent negotiation abilities, and a comprehensive understanding of procurement and supply chain mechanisms. Adaptability and the ability to handle challenges in a fast-paced environment are essential skills for success in this position.

Responsibilities

• Develop and implement procurement strategies that align with business objectives.
• Negotiate contracts with suppliers to ensure favorable terms and competitive pricing.
• Analyze market trends to identify potential risks and opportunities in procurement.
• Collaborate with internal departments to forecast demand and manage inventory levels.
• Ensure timely procurement of goods and services to maintain operation efficiency.
• Evaluate and manage supplier performance to ensure quality service delivery.
• Maintain accurate records of procurement activities, contracts, and supplier details.
• Conduct market research to identify potential suppliers and products beneficial to the company.
• Develop cost-saving strategies to optimize the procurement process.
• Ensure compliance with legal and regulatory requirements in all procurement activities.
• Oversee supplier audits and assessments to ensure compliance and quality standards.
• Facilitate communication between suppliers and internal teams to resolve procurement issues.

Requirements

• Bachelor's degree in Business Administration, Supply Chain Management, or related field.
• Proven experience as a Procurement Officer or similar role in a business environment.
• Strong understanding of procurement and supply chain management principles.
• Excellent negotiation and interpersonal communication skills with vendors and stakeholders.
• Ability to analyze data and make informed decisions to enhance procurement strategies.
• Proficient in using procurement software and other relevant IT tools for tracking activities.
• Strong organizational skills with the ability to manage multiple tasks effectively.