Procurement Officer 27D25

The Procurement Officer role is a crucial part of any organization, responsible for the sourcing and purchasing of goods and services to ensure the operation runs efficiently and cost-effectively. This position involves negotiating prices with vendors, analyzing market trends, and developing procurement strategies that are aligned with the company's objectives. The Procurement Officer is also responsible for maintaining strong relationships with suppliers and ensuring that procurement processes comply with company policies and legal requirements. Working closely with different departments, the officer helps to ensure that the materials and services required are delivered on time and within budget. A successful Procurement Officer is detail-oriented, has strong analytical skills, and a deep understanding of supply chain management.

Responsibilities

• Oversee the purchasing processes and ensure procurement activities comply with company policies.
• Conduct market research to identify trends and potential suppliers for required goods.
• Negotiate terms and pricing with vendors to secure favorable deals for the company.
• Develop and implement effective strategies for cost savings and process improvements.
• Maintain and build strong relationships with suppliers to ensure reliable supply chain.
• Coordinate with various departments to understand their procurement needs and specifications.
• Prepare and manage contracts, ensuring all terms and conditions are properly executed.
• Evaluate supplier performance to ensure compliance with quality and service-level agreements.
• Keep accurate records of all procurement activities, including expenditures and budget management.
• Monitor inventory levels and coordinate purchasing to avoid shortages and overstock situations.
• Ensure compliance with legal and regulatory requirements throughout the procurement process.
• Assist in resolving procurement-related issues by liaising with vendors and stakeholders promptly.

Requirements

• Bachelor’s degree in Business Administration, Supply Chain Management, or related field.
• Proven experience in a procurement role, demonstrating strong negotiation skills.
• Excellent knowledge of supply chain management and procurement processes.
• Strong analytical skills with the ability to assess and manage risk effectively.
• Proficiency in procurement software and Microsoft Office suite, particularly Excel.
• Excellent communication and interpersonal skills, with a knack for building relationships.
• Attention to detail and strong organizational skills to manage multiple tasks efficiently.