Procurement Officer (225-610)

A Procurement Officer plays a critical role in any organization by ensuring that the necessary supplies and services are purchased in a cost-effective manner without compromising on quality. This position involves researching and analyzing vendors, negotiating contracts, and fostering strong relationships with suppliers. Procurement Officers also need to adhere to company policies while maintaining a keen awareness of industry trends to optimize procurement strategies. Their work ensures smooth operation by managing resources efficiently, which is vital to meeting the organization’s objectives. As a valued member of the finance or supply chain team, they contribute significantly to minimizing costs and maximizing value in procurement operations.

Responsibilities

• Coordinate procurement activities and manage the purchasing of goods and services.
• Develop strong supplier relationships to ensure consistent supply chain performance.
• Research and evaluate potential vendors to determine suitability and reliability.
• Negotiate contracts and agreements with suppliers to ensure favorable terms for the company.
• Monitor market trends to anticipate price changes and manage risks effectively.
• Ensure compliance with procurement policies and industry regulations at all times.
• Manage inventory levels and make purchasing decisions based on demand forecasts.
• Prepare detailed reports on procurement activities for management review and analysis.
• Collaborate with other departments to understand their supply needs and requirements.
• Review and process purchase orders and manage approval workflows efficiently.
• Conduct supplier audits to assess quality assurance and compliance standards.
• Develop and implement procurement strategies to improve efficiency and cost savings.

Requirements

• Bachelor's degree in Business, Supply Chain Management, or a related field preferred.
• Minimum of 3 years of experience in procurement or supply chain roles.
• Strong negotiation skills with experience in contract management and supplier agreements.
• Proficient in procurement software and Microsoft Office Suite, especially Excel.
• Excellent analytical and problem-solving abilities to manage complex procurement tasks.
• Strong interpersonal and communication skills to build relationships with suppliers.
• Knowledge of industry trends and best practices in procurement and supply management.