Procurement Officer (225-623)

The Procurement Officer is a key member of the organization's procurement team, responsible for managing and optimizing the supply chain operations. This role involves identifying the organization’s needs for goods and services, developing procurement strategies, selecting suppliers, and negotiating contracts. The Procurement Officer ensures that the organization obtains quality goods and services at competitive prices, while also ensuring compliance with policies and regulations. This role requires effective communication and problem-solving skills, as well as a keen eye for detail and a strong understanding of market dynamics and trends. The incumbent will also be responsible for building and maintaining relationships with vendors to foster mutually beneficial partnerships.

Responsibilities

• Develop and implement procurement strategies aligned with organizational objectives and goals.
• Conduct market research to identify trends and opportunities for cost savings and improvements.
• Source and evaluate potential suppliers to ensure quality, price, and delivery commitments.
• Negotiate terms and conditions with suppliers to secure favorable pricing and service levels.
• Prepare and manage contracts to ensure adherence to corporate and legal guidelines.
• Monitor supplier performance and resolve issues related to delivery or quality discrepancies.
• Work collaboratively with internal departments to forecast and determine purchasing needs.
• Maintain a database of suppliers and products to facilitate efficient procurement processes.
• Conduct cost analysis to promote and inform purchasing decisions and budget planning.
• Analyze procurement data to identify areas for improvement and recommend solutions.
• Ensure compliance with all relevant legislation, policies, and regulations in procurement activities.
• Report on procurement metrics to management, highlighting key performance indicators and progress.

Requirements

• Bachelor's degree in Business Administration, Supply Chain Management, or related field.
• Minimum of 3 years of experience in procurement or supply chain management.
• Strong negotiation skills and the ability to establish beneficial partnerships.
• Proficient understanding of procurement strategies, principles, and practices.
• Excellent written and verbal communication skills with attention to detail.
• Proficiency in procurement software and Microsoft Office Suite applications.
• Ability to analyze complex data and develop actionable plans for improvement.
• Solid understanding of market dynamics, trends, and suppliers' market offerings.