Procurement Officer (225-723)

The Procurement Officer plays a vital role in the supply chain management of a company, ensuring that goods and services are acquired efficiently, economically, and timely. This position requires a strategic thinker capable of managing supplier relationships and negotiating contracts to maximize the organization’s purchasing investments. The Procurement Officer is expected to have an in-depth understanding of procurement processes, supply chain management, and financial acumen to manage budgets effectively. They are responsible for establishing procurement strategies aligned with the company’s objectives and compliance with legal and ethical standards. Their role helps in maintaining the operational flow by providing the necessary materials and services at optimal costs, leading to a significant impact on the organization's profitability.

Responsibilities

• Develop and implement effective procurement strategies aligned with business objectives.
• Monitor supplier performance to ensure adherence to service level agreements.
• Negotiate contracts and maintain relationships with suppliers to ensure efficient purchasing.
• Conduct market research to identify pricing trends and new supply sources.
• Review and optimize procurement processes to enhance cost-effectiveness and efficiency.
• Coordinate with internal departments to resolve material shortages and delivery issues.
• Ensure compliance with legal and ethical standards in procurement activities.
• Prepare and manage departmental budgets and forecasts to align with financial goals.
• Analyze and report procurement metrics to the management for strategic decisions.
• Foster a collaborative and innovative environment within the procurement team.
• Work closely with the legal team to draft supplier agreements and terms of purchase.
• Develop risk management strategies to mitigate supply chain disruptions and challenges.

Requirements

• Bachelor’s degree in Business Administration, Supply Chain Management, or related field.
• Proven experience as a Procurement Officer or in a similar purchasing role.
• Strong negotiation skills and experience in contract management and supplier relations.
• Excellent analytical and problem-solving skills with data-driven decision-making abilities.
• Proficiency in procurement software and Microsoft Office Suite, especially Excel.
• Solid understanding of supply chain management principles and practices.
• Outstanding communication and interpersonal skills for effective stakeholder engagement.