Procurement Officer 17D25

A Procurement Officer is integral to any organization, responsible for managing the acquisition of goods and services at competitive rates while ensuring quality. The role involves negotiating with suppliers, determining material and service needs, enforcing company procurement policies, and maintaining detailed records. A successful Procurement Officer not only forecasts market trends to make informed purchasing decisions but also builds and maintains strong relationships with vendors to facilitate seamless procurement processes. This role requires a strategic thinker capable of balancing cost efficiency with excellent product quality. Familiarity with various procurement methods, including digital sources and traditional techniques, is essential. The Procurement Officer must also work closely with various departments to ensure that the procurement process aligns with organizational goals and budgets.

Responsibilities

• Evaluate and select suppliers to ensure high quality and cost-effectiveness.
• Negotiate contract terms with vendors to secure favorable agreements.
• Conduct market research to stay informed on price trends and analyze future markets.
• Develop and maintain strong partnerships with current and potential suppliers.
• Monitor industry and commodity trends for informed purchasing decisions.
• Implement procurement strategies to align with company objectives and budgets.
• Coordinate with internal departments to forecast procurement needs efficiently.
• Review and implement organizational procurement policies, procedures, and systems.
• Ensure compliance with relevant laws, regulations, and industry standards.
• Analyze and report on procurement data to support strategic decisions.
• Maintain an organized system of procurement documentation and vendor records.
• Manage and resolve conflicts with suppliers through effective communication skills.

Requirements

• Bachelor’s degree in Business Administration, Supply Chain Management, or related field.
• At least 3 years of experience in procurement or supply chain management.
• Proven negotiation skills with a track record of successful outcomes.
• Strong analytical skills with attention to detail and problem-solving abilities.
• Familiarity with procurement software and Microsoft Office Suite proficiency.
• Excellent communication and interpersonal skills for vendor relationships.
• Ability to work independently and collaboratively within a team environment.