Procurement Officer (225-617)

The Procurement Officer plays a crucial role in ensuring that a company's supply chain operations run smoothly and efficiently. This position involves developing procurement strategies that are inventive and cost-effective, maintaining solid relationships with suppliers, and negotiating contracts that align with company policies and project requirements. As a Procurement Officer, you must meticulously manage the company’s purchasing strategies and assure that every procurement activity aligns with the company's goals and legal requirements. The ideal candidate will possess excellent analytical thinking skills, negotiation expertise, and an ability to balance quality with costs to drive value in the procurement process.

Responsibilities

• Develop and implement procurement strategies tailored to organizational needs and market trends.
• Establish solid relationships with key suppliers and stakeholders in the procurement process.
• Negotiate favorable terms, pricing, and delivery for goods and services with suppliers.
• Manage purchase orders, contracts, and related documentation efficiently and accurately.
• Ensure all procurement activities adhere to relevant statutory and regulatory requirements.
• Evaluate supplier performance based on quality, delivery, and cost control practices.
• Collaborate with internal departments to forecast procurement requirements accurately.
• Analyze market and delivery systems to assess present and future material availability.
• Prepare procurement reports and analysis for management review and policy formulation.
• Identify potential risks in the supply chain and develop risk mitigation strategies.
• Coordinate with finance to ensure the integrity of purchase transactions and budgets.
• Lead initiatives for process improvement and innovation in the procurement function.

Requirements

• Bachelor’s degree in Business Administration, Supply Chain Management, or relevant field.
• Proven experience as a procurement officer or in a similar role is required.
• Strong negotiation skills paired with a sound understanding of market dynamics.
• Proficiency in procurement and financial management software applications.
• Excellent communication skills and a knack for relationship building with suppliers.
• Demonstrated ability to manage multiple projects and deadlines effectively.
• Thorough understanding of procurement principles, practices, and regulatory requirements.