Strategic Procurement Specialist
2 weeks ago
The Procurement Executive plays a pivotal role in optimizing procurement processes and controlling costs while ensuring quality standards. This role involves supplier management, negotiating contracts, ensuring compliance with company policies, and maintaining good relationships with vendors.
Key Responsibilities- Vendor Management
Identify and assess potential suppliers based on cost, quality, and reliability. Build and maintain strong relationships with vendors and suppliers. Monitor supplier performance and resolve issues related to delivery, quality, or pricing.
- Procurement Process
Process purchase orders and ensure timely delivery of goods and services. Collaborate with internal departments to determine purchasing needs and specifications. Review purchase requisitions for accuracy and ensure compliance with the procurement policy. Maintain accurate records of purchases, pricing, and other important data.
- Negotiation
Negotiate favorable terms, pricing, and conditions with suppliers. Ensure contracts are complete and align with company policies and objectives. Monitor market trends and prices to identify cost-saving opportunities.
- Inventory Management
Assist in managing inventory levels to prevent overstocking or stockouts. Coordinate with warehouse and logistics teams to ensure smooth delivery and storage of goods.
- Cost Control and Budgeting
Monitor procurement budgets and ensure cost-effective purchasing. Identify opportunities for reducing costs without compromising quality.
- Compliance and Reporting
Ensure compliance with legal, ethical, and company standards during procurement activities. Prepare and present regular reports on procurement activities, supplier performance, and cost savings.
- Continuous Improvement
Evaluate and improve procurement processes to enhance efficiency and cost-effectiveness. Stay updated with industry trends, best practices, and new technologies in procurement.
Strong negotiation and communication skills. Excellent analytical and problem-solving abilities. Ability to build and maintain strong relationships with suppliers and internal stakeholders. Familiarity with procurement software and ERP systems. Attention to detail and high level of accuracy. Knowledge of supply chain management and procurement best practices. Ability to work under pressure and meet deadlines.
QualificationsBachelor's degree in Business Administration, Supply Chain Management, or a related field. 2-4 years of experience in procurement, purchasing, or supply chain management. Knowledge of contract law and supplier agreements is a plus. Certification in procurement (such as CPSM, CIPS) is preferred.
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