Procurement Officer (225-722)

As a Procurement Officer, you will be at the helm of managing and overseeing the purchasing operations within the organization. Your core duty will involve ensuring the acquisition of quality goods and services at the best possible prices. You will cultivate supplier relationships, negotiate contracts, and manage supply assessments to meet the strategic goals of the company. Your role is crucial in maintaining cost efficiency, maximizing value, and streamlining procurement processes. You will work closely with other departments to align procurement strategies with business needs, while also ensuring compliance with relevant laws and regulations. Being a strategic thinker with strong negotiation skills and keen attention to detail will help you tackle the challenges of this position while contributing significantly to the organizational success.

Responsibilities

• Develop and implement procurement policies and strategies that align with company goals.
• Identify potential suppliers and evaluate their capability to meet company standards.
• Negotiate favorable terms and conditions with suppliers for long-term contracts.
• Manage supplier relationships to ensure continuous improvement and cost savings.
• Conduct regular market research to stay informed about industry trends and changes.
• Review and analyze all vendors/suppliers, supply, and price options.
• Collaborate with internal departments to determine the procurement needs and specifications.
• Prepare and process purchase orders and requisitions in accordance with company policies.
• Monitor and manage inventory levels to ensure optimal stock while minimizing excess.
• Ensure full compliance with all legal and regulatory requirements concerning procurement.
• Develop performance metrics, report supplier performance, and ensure excellent service delivery.
• Resolve supplier or contractor grievances and claims against suppliers.

Requirements

• Bachelor’s degree in Supply Chain Management, Business Administration, or related field.
• Minimum of 3 years experience in a procurement or supply chain role.
• Strong negotiation skills and experience with contract management and supplier evaluation.
• Excellent communication and interpersonal skills for effective stakeholder engagement.
• Proficiency in procurement software and Microsoft Office Suite, especially Excel.
• Detail-oriented with strong analytical and problem-solving skills.
• In-depth understanding of supply chain and procurement laws and regulations.