Procurement Officer (225-808)

A Procurement Officer plays a crucial role in ensuring that an organization efficiently acquires high-quality goods and services necessary for its operations. This position involves developing procurement strategies to obtain supplies at the most advantageous terms and ensuring that all purchasing activities comply with the company's policies and procedures. The Procurement Officer coordinates with various departments to understand their product and service requirements, conducts market research to find the best deals, and negotiates contracts with suppliers. This role requires a combination of strategic thinking, negotiation skills, and financial acumen, as well as a deep understanding of supply chain management. The ideal candidate for this role will possess excellent communication skills, attention to detail, and a proactive approach to problem-solving, ensuring that procurement processes align with business goals.

Responsibilities

• Develop and implement efficient procurement strategies to ensure cost-effective purchasing.
• Conduct thorough market research to identify potential suppliers and products.
• Negotiate pricing, terms, and contracts with suppliers to secure favorable agreements.
• Analyze and evaluate supplier performance to ensure quality and reliability.
• Maintain accurate and comprehensive records of procurement activities and contracts.
• Coordinate with various departments to ascertain their purchasing needs and requirements.
• Ensure compliance with company policies and legal guidelines in all procurement actions.
• Manage and optimize the procurement process to improve efficiency and reduce costs.
• Monitor inventory levels and place orders as necessary to avoid stockouts.
• Resolve issues related to supply chain, such as delivery delays or product mismatches.
• Prepare reports on procurement activities and present them to senior management.
• Develop and maintain strong relationships with key suppliers for long-term partnerships.

Requirements

• Bachelor’s degree in Business Administration, Supply Chain Management, or related field.
• Proven experience as a Procurement Officer, or in a similar role.
• Strong understanding of procurement and supply chain processes and principles.
• Excellent negotiation skills with a track record of achieving favorable terms.
• Proficient in using procurement software and other relevant computer applications.
• Exceptional organizational skills with attention to detail and accuracy.
• Ability to analyze data and generate insightful procurement reports for management.