Procurement Officer (225-829)

A Procurement Officer plays a critical role in an organization's supply chain operations. This professional is responsible for acquiring goods, services, and equipment necessary for the business to function efficiently. The role involves researching potential vendors, negotiating prices, reviewing supply contracts, managing purchasing transactions, and ensuring that procurement processes comply with company policies and regulations. Being a Procurement Officer means you must possess strong analytical skills to evaluate supplier options, a keen eye for detail to catch discrepancies in orders, and excellent communication abilities to foster relationships with suppliers and internal stakeholders. Furthermore, in today’s dynamic business environment, a Procurement Officer must be adaptable to changing market conditions and possess the capability to implement cost-saving strategies without compromising on quality. This role directly contributes to the company’s profitability and operational success by helping to maintain a lean and effective supply chain while ensuring quality and timeliness in procurement activities.

Responsibilities

• Research and identify potential suppliers and vendors to meet procurement needs.
• Negotiate terms, conditions, prices, and contracts with suppliers for better rates.
• Monitor inventory levels and coordinate orders to ensure uninterrupted supply chain.
• Develop and maintain strong relationships with current and potential suppliers.
• Prepare and process purchase orders and requisitions in accordance with company policy.
• Evaluate supplier proposals, quotations, and tenders for the most favorable terms.
• Analyze market trends to anticipate product availability and price fluctuations.
• Review purchase agreements and confirm compliance with procurement policies.
• Monitor delivery schedules and track performance metrics for timely supplies.
• Work with finance to ensure accurate billing and facilitate payment of invoices.
• Conduct regular audits of procurement processes for efficiency improvement.
• Ensure compliance with legal and regulatory requirements in all procurement activities.

Requirements

• Bachelor’s degree in Supply Chain Management, Business, or a related field.
• At least 3 years of experience in a procurement role or similar setting.
• Strong negotiation skills and the ability to build rapport with suppliers.
• Excellent analytical skills with a keen attention to detail for accurate purchasing.
• Proficient in procurement software and Microsoft Office Suite, especially Excel.
• Ability to manage multiple projects with excellent time management skills.
• Strong communication and interpersonal skills for effective stakeholder engagement.
• Thorough understanding of supply chain management concepts and practices.
• Ability to work independently while meeting team and company-wide goals.