Procurement Officer (225-905)

A Procurement Officer is a vital part of an organization's supply chain team, responsible for acquiring goods, services, and materials necessary for operational continuity and growth. This role requires a keen eye for detail, strong negotiation skills, and the ability to develop and maintain excellent relationships with vendors and suppliers. The Procurement Officer must ensure that the procurement process adheres to company policies and complies with relevant industry regulations. They are also tasked with optimizing supply chain management, often working closely with colleagues in various departments to forecast demand and minimize costs. The role may involve monitoring industry trends to ensure the organization is aware of and taking advantage of the latest opportunities in the market.

Responsibilities

• Develop and implement procurement strategies that align with company objectives.
• Maintain strong relationships with existing suppliers and negotiate favorable terms.
• Identify and evaluate potential suppliers to expand the organization's resource base.
• Ensure compliance with company policies and applicable regulations in procurement activities.
• Collaborate with various departments to assess and determine procurement needs.
• Prepare and manage contracts and ensure terms are mutually agreed upon.
• Monitor industry trends to implement procurement best practices and innovations.
• Evaluate supplier performance based on quality, delivery time, and service levels.
• Coordinate with the finance team to resolve invoicing issues and manage payments.
• Track and report key functional metrics to reduce expenses and improve effectiveness.
• Develop risk management processes to address potential supply chain disruptions.
• Conduct cost analysis and set benchmarks for creating a procurement budget.

Requirements

• Bachelor’s degree in Business Administration, Finance, or a related field.
• Proven experience as a Procurement Officer or in a similar role.
• Exceptional negotiation skills and the ability to maintain supplier relationships.
• Strong analytical skills and the ability to make data-driven decisions.
• Experience working with procurement software and supply chain management tools.
• Excellent communication skills, both written and verbal, are essential.
• Proficiency in Microsoft Office Suite, particularly Excel and Word.