Procurement Specialist 29N25

The Procurement Specialist plays a crucial role in managing the acquisition of goods and services for an organization. This position is essential for ensuring that the company acquires high-quality products and services at the best possible prices. A Procurement Specialist will work closely with suppliers to negotiate contracts, assess supplier performance, and ensure compliance with company policies and external regulations. They are responsible for developing effective purchasing strategies, managing supplier relationships, and overseeing the entire procurement process. A successful candidate will possess strong negotiation skills, attention to detail, and the ability to work collaboratively across various departments to support the organization’s strategic objectives.

Responsibilities

• Develop and implement effective procurement strategies to meet organizational goals.
• Conduct market research to identify and evaluate potential suppliers and products.
• Negotiate contracts with suppliers to secure favorable terms and conditions.
• Manage and maintain relationships with key suppliers to ensure optimal performance.
• Monitor market trends to make informed purchasing decisions and optimize costs.
• Collaborate with internal departments to understand and fulfill their procurement needs.
• Oversee the entire procurement process from requisition to delivery of goods.
• Ensure compliance with procurement policies, procedures, and applicable regulations.
• Evaluate supplier performance and implement improvement measures as needed.
• Prepare and present reports on procurement activities and supplier performance to management.
• Identify opportunities for cost savings and process improvements within the procurement function.
• Handle any issues or discrepancies related to procurement processes and supplier contracts.

Requirements

• Bachelor’s degree in supply chain management, business, or a related field.
• Minimum of three years of experience in a procurement or purchasing role.
• Strong negotiation skills with a proven track record in contract management.
• Excellent communication and interpersonal skills for supplier relationship management.
• Proficiency in using procurement software and Microsoft Office Suite.
• Ability to analyze market trends and supplier performance data effectively.
• Detail-oriented with strong organizational and multitasking abilities.
• Knowledge of relevant procurement laws, regulations, and industry best practices.
• Exceptional problem-solving skills and ability to work under tight deadlines.