Procurement Specialist 05N25

The role of Procurement Specialist 05N25 is a critical position within a corporate environment, tasked with ensuring the timely acquisition of necessary goods and services required by the organization. This position involves a variety of tasks and responsibilities aimed at maintaining an effective and efficient supply chain management process, ensuring cost-effectiveness while adhering to quality standards. The ideal candidate should possess strong analytical skills, be detail-oriented, and have good negotiation capabilities to drive favorable terms with vendors and suppliers. The Procurement Specialist will work closely with various departments to understand their needs and ensure they are met in a timely manner. A strong understanding of procurement laws and standards, as well as proficiency in procurement software, is essential for success in this role.

Responsibilities

• Develop and implement strategic sourcing strategies to optimize procurement processes.
• Negotiate contract terms with suppliers to secure advantageous deals for the company.
• Maintain effective relationships with existing vendors and establish new vendor partnerships.
• Analyze market trends and apply this knowledge to make informed purchasing decisions.
• Ensure all procurement activities comply with company policies and legal standards.
• Conduct cost analysis to identify cost-saving opportunities throughout the procurement process.
• Evaluate supplier performance based on quality, delivery times, and commercial criteria.
• Collaborate with internal teams to forecast demand and manage purchasing schedules.
• Track and report key functional metrics to reduce expenses and improve effectiveness.
• Manage procurement databases to track vendor information and purchase orders accurately.
• Prepare and present reports detailing procurement operations and improvements.
• Ensure timely delivery of purchased goods and resolve any related issues promptly.

Requirements

• Bachelor’s degree in Business Administration, Supply Chain Management, or a related field.
• Proven experience as a Procurement Specialist or similar role, with solid knowledge of procurement processes.
• Strong negotiation skills and experience in sourcing and purchasing agreements.
• Familiarity with purchasing software and tools such as SAP, Oracle, or others.
• Excellent analytical skills with the ability to analyze and interpret data effectively.
• Detail-oriented mindset with strong organizational and multitasking abilities.
• Ability to work collaboratively in a team environment as well as independently.
• Strong communication skills, both written and spoken, for vendor interactions.