Procurement Officer 22D25

A Procurement Officer is a professional who oversees the procurement processes for goods and services required by their organization. This role is crucial in ensuring that a company obtains products and services at favorable terms, while maintaining the highest quality standards. A Procurement Officer collaborates with vendors, negotiates contracts, and manages procurement budgets, ensuring compliance with company policies and government regulations. The ideal candidate will have excellent negotiation skills, a strong understanding of supply chain management, and the ability to establish and maintain relationships with suppliers. This role requires a proactive approach to sourcing strategies and a deep understanding of market trends and supply chains.

Responsibilities

• Oversee the procurement of goods and services in accordance with organizational policies.
• Negotiate contracts with suppliers to secure favorable terms and conditions.
• Ensure timely and accurate delivery of goods and services to meet project deadlines.
• Collaborate with other departments to understand their purchasing needs and specifications.
• Develop and maintain strong relationships with key suppliers and stakeholders.
• Conduct market research and analysis to identify new and cost-effective sources of supply.
• Manage procurement budgets and forecast future procurement needs and trends.
• Ensure compliance with all internal controls and regulatory frameworks in procurement activities.
• Monitor supplier performance and address any issues relating to delivery or quality.
• Prepare reports on procurement activities, reflecting costs, savings, and forecasts.
• Evaluate and recommend new suppliers based on quality standards and cost-effectiveness.
• Implement procurement strategies that enhance operational effectiveness and reduce cost.

Requirements

• Bachelor’s degree in Business Administration, Supply Chain Management, or related field.
• Proven experience as a Procurement Officer or in a similar procurement role.
• Strong negotiation and communication skills to liaise effectively with suppliers.
• Solid understanding of procurement processes, policies, and best practices.
• Ability to analyze market trends and adapt procurement strategies accordingly.
• Proficient in Microsoft Office Suite and procurement software tools.
• Excellent problem-solving skills with attention to detail and organizational capacity.
• Ability to work independently and collaboratively in a fast-paced environment.