Procurement Officer (225-927)

A Procurement Officer plays a crucial role in any organization's operational efficiency, ensuring that all necessary goods and services are acquired in a timely, cost-effective manner. This position involves developing and implementing procurement strategies that ensure the organization gets value for its money, while adhering to all relevant regulations. The primary objective of a Procurement Officer is to manage the company's supply of products and services strategically while creating and maintaining strong relationships with suppliers. They evaluate suppliers, negotiate contracts, and constantly seek high-quality products at reasonable prices. Procurement Officers are essential to optimizing the supply chain, reducing procurement expenses, and enhancing the overall profitability of the organization.

Responsibilities

• Develop and implement purchasing and procurement policies and strategies for the organization.
• Evaluate supplier performance and negotiate contract terms to achieve cost savings.
• Collaborate with departments to determine procurement needs and specifications.
• Manage supplier relationships and performance, ensuring timely delivery of high-quality goods.
• Conduct market research to identify pricing trends and competitiveness in the market.
• Prepare and evaluate tenders, bids, quotations, and proposals for goods and services.
• Monitor inventory levels and coordinate with the inventory control department to avoid shortages.
• Ensure compliance with legal and internal procurement regulations and policies.
• Resolve procurement-related complaints, disputes, and queries in an effective manner.
• Maintain accurate purchase records and prepare various procurement reports.
• Participate in continuous improvement initiatives to optimize procurement processes.
• Train and mentor junior procurement staff to enhance their skills and efficiency.

Requirements

• Bachelor’s degree in supply chain management, logistics, or a related field.
• Proven work experience as a Procurement Officer or in a similar role.
• Strong negotiation and analytical skills with attention to detail.
• Excellent knowledge of supply chain procedures and procurement best practices.
• Proficiency in Microsoft Office and procurement software tools like SAP or Oracle.
• Solid understanding of market dynamics and sound business judgment.
• Strong communication and interpersonal skills for effective relationship management.