Purchase Officer

Job Summary:

The Purchase Officer is responsible for sourcing, negotiating, and procuring goods and services required by the organization in a timely, cost-effective, and efficient manner. This role ensures that all purchases meet quality standards, budget requirements, and company policies. The Purchase Officer works closely with suppliers, internal departments, and management to maintain optimal inventory levels, secure competitive pricing, and build strong vendor relationships. The ideal candidate will demonstrate strong analytical, negotiation, and organizational skills to support smooth procurement operations and contribute to the company’s overall efficiency and profitability.

Key Responsibilities:

• Negotiate and finalize contracts with suppliers to secure the best pricing and terms while ensuring quality standards are met.
• Conduct market research and analysis to identify potential suppliers and evaluate their capabilities and reliability.
• Manage the procurement process from requisition to delivery, ensuring timely and cost-effective acquisition of goods and services.
• Develop and maintain strong relationships with key suppliers to foster collaboration and enhance supply chain efficiency.
• Monitor inventory levels and forecast demand to prevent overstocking or stockouts, optimizing inventory turnover.
• Analyze purchase orders and contracts to identify cost-saving opportunities and recommend improvements to purchasing strategies.
• Collaborate with internal departments, such as finance and logistics, to align procurement activities with overall business objectives.
• Prepare and present reports on purchasing activity, supplier performance, and market trends to senior management.
• Stay updated with industry trends and innovations to continuously improve procurement processes and practices.
  
  

• Bachelors degree in Business Administration, Supply Chain Management, or a related field is required.
• At least 3-5 years of experience in purchasing or procurement within a relevant industry.
• Experience in negotiating contracts and managing supplier relationships with a proven track record of achieving cost reductions.
• Bilingual proficiency in English and another language is preferred to communicate with international suppliers.
• Strong analytical skills to assess supplier proposals and make data-driven purchasing decisions.
• Excellent communication and interpersonal skills to effectively collaborate with cross-functional teams.
• Demonstrated ability to work under pressure and manage multiple priorities in a fast-paced environment.
• A proactive and detail-oriented approach with strong problem-solving skills to address procurement challenges