Procurement Officer 07N25

The role of a Procurement Officer is a pivotal one, encompassing a variety of crucial responsibilities that ensure the efficient acquisition of goods and services required by an organization. As a Procurement Officer, you will play a key role in managing the sourcing, purchasing, and procurement processes of the company. You will be responsible for identifying and selecting suppliers, negotiating contracts, and managing supplier relationships to secure the best possible terms. The position requires a strategic approach to ensure that procurement processes are cost-effective, compliant with regulatory standards, and aligned with the organization’s goals. This role demands excellent analytical skills, as well as the ability to collaborate effectively with various departments to understand and meet their procurement needs.

Responsibilities

• Develop and implement purchasing strategies in alignment with the organization's goals.
• Identify reliable suppliers and negotiate favorable terms for goods and services.
• Manage supplier relationships, ensuring performance standards are met consistently.
• Conduct market research to identify sourcing opportunities and industry trends.
• Ensure all procurement activities comply with policies and regulatory requirements.
• Monitor and evaluate supplier performance through regular assessments and audits.
• Prepare and present reports on procurement activities to senior management.
• Coordinate with other departments to forecast procurement needs and budgets.
• Review purchase orders and contracts for accuracy and compliance before approval.
• Oversee inventory management and ensure optimal stock levels are maintained.
• Optimize procurement processes to improve efficiency and cost-effectiveness.
• Resolve any procurement-related issues or discrepancies in a timely manner.

Requirements

• Bachelor’s degree in business administration, supply chain management, or related field.
• Proven experience as a procurement officer or in similar role for several years.
• Strong negotiation skills and ability to build long-term supplier relationships.
• Excellent analytical skills with the ability to assess complex data effectively.
• In-depth knowledge of procurement processes, policies, and best practices.
• Proficiency in procurement software and Microsoft Office Suite applications.
• Strong organizational skills with the ability to manage multiple priorities effectively.
• Experience in contract management and understanding of legal and regulatory requirements.
• Strong communication and interpersonal skills for collaboration with stakeholders.
• High level of integrity and professionalism in handling confidential information.