Procurement Specialist 29D25

The Procurement Specialist is a critical role within our organization, responsible for overseeing and managing the procurement processes to ensure the timely and cost-effective acquisition of goods and services. This role works closely with suppliers and internal stakeholders to support the organization's strategic objectives and operational needs. The ideal candidate is highly organized, possesses excellent negotiation skills and demonstrates strong knowledge of procurement best practices. They will handle supplier relationships, contract negotiations, and ensure compliance with company policies and industry regulations. By leveraging their expertise, the Procurement Specialist will contribute to the company's growth by maximizing value from suppliers while minimizing costs.

Responsibilities

• Develop and implement strategic procurement strategies to meet organizational goals.
• Negotiate contracts and agreements with suppliers to ensure best pricing and terms.
• Conduct market analysis to identify potential suppliers and alternative options.
• Manage vendor relationships to secure long-term partnerships and collaborations.
• Monitor procurement KPIs to evaluate effectiveness and drive continuous improvement.
• Ensure compliance with procurement policies and regulatory requirements at all times.
• Collaborate with cross-functional teams to understand their procurement needs.
• Maintain accurate and up-to-date records of purchase orders and supplier contracts.
• Review and process purchasing requisitions in a timely and efficient manner.
• Prepare detailed reports and analyses for senior management review and planning.
• Resolve supplier grievances and disputes to maintain positive relationships.
• Identify cost-saving opportunities through strategic sourcing and procurement tactics.

Requirements

• Bachelor’s degree in Business Administration, Supply Chain, or a related field.
• Minimum of three years of experience in procurement or supply chain roles.
• Strong negotiation and contract management skills and experience.
• Proficiency in procurement software and Microsoft Office Suite applications.
• Exceptional organizational and time-management abilities with attention to detail.
• Excellent communication and interpersonal skills for effective stakeholder engagement.
• Knowledge of procurement best practices and industry compliance standards.