Procurement Officer 24D25

A Procurement Officer is a critical member of an organization responsible for sourcing and purchasing goods and services needed for business operations. This role involves negotiating with suppliers, managing purchase orders, and ensuring that the procurement process runs smoothly and cost-effectively. The Procurement Officer must have excellent analytical skills to evaluate products, services, and suppliers based on criteria such as price, quality, and delivery speed. They must also stay updated on market trends and regulations that might affect procurement activities. Additionally, this role requires maintaining effective communication with internal departments and external vendors to align their needs with available products or services, ultimately supporting the company's operational goals and objectives.

Responsibilities

• Develop and implement procurement strategies to meet company needs effectively.
• Conduct market research to find and assess potential suppliers and vendors.
• Negotiate contracts, pricing, and terms with suppliers to secure best deals.
• Monitor and manage supplier performance to ensure service and quality standards.
• Ensure compliance with procurement policies and regulatory requirements.
• Prepare and process purchase orders in accordance with company policies.
• Establish strong relationships with key suppliers and stakeholders.
• Analyze market trends to identify forecasting demand and pricing strategies.
• Maintain accurate procurement records and documentation for auditing purposes.
• Collaborate with internal departments to determine procurement needs and specifications.
• Identify cost-saving opportunities and implement effective procurement solutions.
• Resolve any discrepancies or issues related to procurement promptly.

Requirements

• Bachelor’s degree in Business Administration, Supply Chain Management, or related field.
• Proven experience as a Procurement Officer or in a similar role required.
• Strong negotiation skills with a track record of successful contract negotiations.
• Excellent knowledge of procurement processes and supply chain management.
• Outstanding analytical skills and attention to detail are crucial for this role.
• Proficiency in procurement software and Microsoft Office Suite is required.
• Exceptional communication and interpersonal skills for supplier interactions.