Procurement Officer 14D25

A Procurement Officer is an essential part of any organization's supply chain management team, responsible for acquiring goods and services necessary for the organization’s operations. The role requires a keen understanding of purchasing strategies to ensure that the company obtains the necessary supplies effectively and efficiently, while also maintaining quality standards and cost-effectiveness. The Procurement Officer must be skilled in negotiating contracts, assessing suppliers, and managing relationships to gain the best vendor deals and identify areas for improvement. Furthermore, they must ensure compliance with all relevant regulations and policies regarding procurement processes. This role is central to fostering strong sustainable supplier relationships, contributing to the overall financial performance and sustainability of the organization.

Responsibilities

• Develop and implement procurement strategies to optimize organizational procurement processes.
• Conduct market research to identify potential suppliers and evaluate their offerings.
• Negotiate terms of agreements, pricing, and contracts with suppliers to secure positive outcomes.
• Monitor supplier performance, and assess the quality and timeliness of deliveries.
• Maintain strong relationships with existing vendors and identify new supply sources.
• Manage the approval process for all purchasing activities ensuring compliance with company policies.
• Prepare purchase orders, and manage inventory and records for all procurement activities.
• Collaborate with cross-functional teams to forecast procurement needs and optimize supply chain efficiency.
• Resolve any arising problems or complaints relating to vendor management.
• Develop risk management strategies to avoid potential supply chain disruptions.
• Ensure all procurement-related documentation is accurate, up-to-date, and accessible for audits.
• Stay updated with regulations and legislations regarding procurement processes and supply chain practices.

Requirements

• Bachelor’s degree in Supply Chain Management, Business Administration, or a related field.
• Proven experience as a Procurement Officer or in a similar role within the industry.
• Strong understanding of procurement and supply chain management processes.
• Excellent negotiation, communication, and interpersonal skills for effective supplier engagement.
• Proficient in Microsoft Office Suite and relevant procurement software applications.
• Strong analytical skills with an ability to analyze complex data and make informed decisions.
• Demonstrated ability to manage multiple priorities and work under pressure.