Procurement Officer 17F26

The role of a Procurement Officer is pivotal within any organization aiming to manage its resources efficiently and cost-effectively. The Procurement Officer is responsible for sourcing, negotiating, and purchasing goods and services that meet the company’s standards of quality, cost, and delivery schedules. This position requires a keen understanding of market trends and the capacity to forge strong relationships with suppliers. A successful candidate will bring a strategic approach to procurement activities, ensuring compliance with relevant regulations and financial prudence. The Procurement Officer works closely with various departments to align the procurement strategy with broader business goals, plays a crucial role in inventory management, and optimizes the organization’s supply chain. Candidates for this role should possess strong analytical skills, superior negotiation abilities, and a proactive approach to problem-solving.

Responsibilities

• Develop and implement procurement strategies that align with company objectives and budget.
• Source and negotiate contracts with suppliers to acquire high-quality products and services.
• Conduct regular market research to identify new suppliers and competitive pricing trends.
• Manage and maintain supplier relationships to ensure a reliable supply chain network.
• Review and assess suppliers based on quality, timeliness, and cost-effectiveness of deliverables.
• Collaborate with finance department to ensure alignment on procurement expenditure and budget controls.
• Monitor and assess supplier performance through regular evaluations and feedback mechanisms.
• Ensure compliance with all relevant regulations and internal controls in procurement policies.
• Prepare reports and analyses for management regarding procurement activities and cost savings.
• Liaise with internal departments to understand their procurement needs and provide solutions.
• Develop risk management strategies for potential disruptions in the supply chain.
• Ensure accurate record-keeping and documentation for all procurement activities and contracts.

Requirements

• Bachelor’s degree in Business Administration, Logistics, or related field required.
• Minimum of three years experience in a procurement or purchasing role.
• Strong negotiation skills with a proven track record of favorable contract agreements.
• Excellent analytical skills and the ability to handle complex data sets.
• Proficient in procurement software and other business management applications.
• Strong understanding of market dynamics and effective supplier management practices.
• Exceptional interpersonal and communication skills for successful supplier collaborations.