Procurement Specialist 18D25

A Procurement Specialist is essential in ensuring an organization's purchases are efficient and cost-effective. In this role, you will be responsible for identifying the best suppliers, developing relationships, and negotiating contracts to secure the best prices. You will need to be proficient in analyzing market trends and demand for goods and services to make informed purchasing decisions. As a Procurement Specialist, your expertise will help the company minimize costs while maintaining quality standards. You will coordinate with various departments to understand their needs and ensure that resources are available. Additionally, you must adhere to legal and regulatory guidelines for procurement practices.

Responsibilities

• Identify and evaluate potential suppliers to secure favorable purchase agreements.
• Develop and maintain strong relationships with existing and new suppliers.
• Negotiate terms and contracts with suppliers to ensure cost savings.
• Monitor market trends and adjust purchasing strategies accordingly.
• Coordinate with internal departments to forecast inventory needs effectively.
• Prepare and maintain accurate records of all purchasing activities and transactions.
• Ensure compliance with all legal and company policies during procurement processes.
• Analyze pricing proposals and financial reports to determine cost-effectiveness.
• Manage supplier performance and address any issues or discrepancies promptly.
• Develop and implement procurement strategies to optimize spending efficiency.
• Conduct supplier audits to ensure quality and performance standards are met.
• Provide training and guidance to junior staff on procurement best practices.

Requirements

• Bachelor's degree in Supply Chain Management, Business, or related field.
• Minimum of three years' experience in procurement or supply chain roles.
• Strong negotiation skills with a track record in cost reduction strategies.
• Excellent analytical abilities to assess market conditions and supplier capabilities.
• Proficiency in procurement software and Microsoft Office applications.
• Exceptional organizational skills and attention to detail in a fast-paced environment.
• Strong communication and interpersonal skills for supplier and team interactions.