Procurement Officer 08F25

The Procurement Officer is responsible for overseeing and managing the company’s overall supply chain operations. The role involves establishing procurement strategies to ensure productive and cost-effective purchasing activities. It requires a keen analytical mind to conduct research and analysis on potential vendors and suppliers. The Procurement Officer must negotiate contracts, purchase agreements, and oversee the delivery of goods and services to ensure efficiency, quality, and affordability. This position is crucial in maintaining the company’s financial health by ensuring the procurement of quality products that align with the company’s budget and requirements. Collaboration with different departments to understand their sourcing needs and requirements is also a vital part of the job.

Responsibilities

• Develop and implement procurement strategies to meet business needs efficiently.
• Evaluate and select suppliers based on set criteria and company standards.
• Negotiate terms, conditions, and contracts with suppliers to secure advantageous deals.
• Track and report key functional metrics to reduce expenses and improve effectiveness.
• Ensure timely delivery of products and services as per the negotiated terms.
• Collaborate with key individuals across different departments to ensure alignment of procurement processes.
• Analyze purchasing trends to identify procurement and savings opportunities.
• Develop and maintain strong relationships with suppliers and vendors.
• Monitor and forecast upcoming levels of demand to ensure timely procurement.
• Review and validate vendor invoices and payments for accuracy against purchase orders.
• Conduct regular performance reviews of suppliers to ensure compliance with company requirements.
• Implement process improvements to streamline procurement workflows and reduce costs.

Requirements

• Bachelor’s degree in Business Administration, Supply Chain Management, or a related field.
• Proven work experience as a Procurement Officer or another relevant role.
• Strong knowledge of supplier or third-party management software systems.
• Solid analytical and negotiation skills to secure favorable terms from suppliers.
• Excellent written and verbal communication skills for effective collaboration.
• Ability to work independently with minimal supervision while handling multiple tasks.
• Proficiency in Microsoft Office Suite, particularly Excel, for reporting and analysis.