Procurement Officer 23F26

The Procurement Officer is a pivotal role within the supply chain and logistics team, tasked with acquiring the goods and services that a company needs to fulfill its objectives. Working closely with suppliers, the Procurement Officer negotiates contracts, sets procurement policies, and ensures that what the company needs is delivered on time and within budget. This role is essential in sustaining the company’s operational flow and strategic procurement initiatives. The ideal candidate will be strategic, analytical, and a skillful negotiator who can ensure that the organization's purchasing policies and strategies align with its business goals. This position often requires multitasking across various procurement functions, including planning, coordination, negotiation, and risk management.

Responsibilities

• Develop and implement procurement strategies in alignment with company goals and objectives.
• Establish and enforce procurement policies and procedures to ensure compliance and efficiency.
• Identify potential suppliers and conduct thorough assessments to ensure quality standards.
• Negotiate contracts with suppliers to secure advantageous terms and prices.
• Manage supplier relationships to ensure performance standards and business requirements are met.
• Analyze market trends to anticipate shifts in pricing or availability of materials.
• Coordinate with internal departments to forecast procurement needs and ensure timely supply.
• Oversee inventory management and determine supply needs to avoid delays in production.
• Assess and mitigate procurement risks through evaluation of supply market dynamics.
• Prepare and evaluate reports on cost analysis and supplier performance for management review.
• Maintain accurate records of purchases, pricing, and other essential procurement data.
• Develop supplier networks and foster a competitive bidding environment.

Requirements

• Bachelor’s degree in Business Administration, Supply Chain Management, or related field.
• At least three years of experience in procurement or supply chain management roles.
• Proven experience in negotiating contracts and managing supplier relationships.
• Strong analytical skills to assess supplier options and business strategies.
• Excellent communication and interpersonal skills for effective stakeholder engagement.
• Proficiency in procurement software and Microsoft Office Suite applications.
• Detail-oriented with the ability to manage multiple priorities simultaneously.
• Knowledge of procurement and sourcing best practices and methodologies.
• Ability to work independently and collaboratively within a dynamic team environment.