Procurement Expert 02F25

The Procurement Expert plays a pivotal role in managing and optimizing the procurement process within an organization. This role involves collaborating with various departments to ensure that all procurement activities adhere to company policies and comply with regulatory requirements. The Procurement Expert is responsible for sourcing goods and services, negotiating favorable terms with suppliers, and ensuring that the procurement strategies align with the organization's goals. This position requires a strategic thinker who can balance cost-efficiency with quality and reliability of suppliers. A successful Procurement Expert will contribute to the organization’s profitability and competitiveness through effective procurement practices.

Responsibilities

• Develop and implement procurement strategies that align with organizational objectives.
• Conduct market research to identify potential suppliers and assess their capabilities.
• Negotiate contracts, terms, and conditions with vendors to secure advantageous agreements.
• Monitor and evaluate supplier performance to ensure compliance with contractual obligations.
• Manage procurement records, ensuring accuracy and accessibility of documentation.
• Establish and maintain effective working relationships with stakeholders and suppliers.
• Prepare and present reports on procurement metrics to senior management.
• Ensure all procurement activities comply with legal and regulatory standards.
• Work closely with the finance team to manage procurement budgets and forecasts.
• Lead initiatives to improve the procurement process and achieve cost savings.
• Participate in cross-functional teams to support organizational projects and objectives.
• Provide guidance and training to junior procurement staff as necessary.

Requirements

• Bachelor's degree in Business Administration, Supply Chain Management, or a related field.
• Minimum of five years of experience in procurement or supply chain roles.
• Strong negotiation skills with the ability to secure favorable contract terms.
• Excellent communication and interpersonal skills for effective stakeholder management.
• Proficiency in procurement software and Microsoft Office Suite applications.
• Ability to analyze market trends and adapt procurement strategies accordingly.
• Solid understanding of legal and regulatory constraints related to procurement.