Procurement Specialist 08F25

The Procurement Specialist 05N25 is a pivotal role within our organization, focusing on managing the procurement process to ensure the timely and cost-effective sourcing of goods and services. This position involves developing purchasing strategies, managing vendor relationships, and negotiating contracts to achieve the best possible terms. The ideal candidate will have a strong understanding of market trends, as well as the ability to work with cross-functional teams to ensure the smooth operation of procurement activities. Additionally, the Procurement Specialist will be responsible for identifying opportunities for cost reductions and implementing process improvements to enhance the efficiency of the procurement process. This role requires excellent negotiation skills, analytical abilities, and a keen eye for detail.

Responsibilities

• Develop and implement procurement strategies in alignment with company objectives.
• Manage and enhance relationships with vendors to ensure optimal service delivery.
• Negotiate contracts and prices to secure cost-effective terms and conditions.
• Monitor market trends and adjust procurement strategies accordingly to stay competitive.
• Collaborate with internal departments to understand their procurement needs and requirements.
• Maintain accurate records of all procurement transactions and update databases regularly.
• Analyze procurement data to identify cost-saving opportunities and recommend solutions.
• Ensure compliance with all relevant laws and regulations in the procurement process.
• Oversee the evaluation and selection of suppliers based on quality, price, and delivery performance.
• Prepare and present regular reports to management on procurement performance and activities.
• Facilitate training and support to junior staff on procurement processes and best practices.
• Initiate and manage supplier audits and assessments to ensure adherence to quality standards.

Requirements

• Bachelor’s degree in Supply Chain Management, Business Administration, or related field.
• Minimum of 3 years of experience in procurement or supply chain roles.
• Strong negotiation skills with experience in managing complex vendor contracts.
• Proficiency in procurement software and tools, such as SAP Ariba or Oracle.
• Excellent analytical skills with the ability to interpret data and make informed decisions.
• Effective communication skills and ability to work collaboratively with diverse teams.
• Detail-oriented with strong organizational skills and the ability to manage multiple tasks.