Procurement Officer

We are seeking a Procurement Officer who will responsible for managing the purchasing and sourcing of goods and services required by the organization. The role involves negotiating with suppliers, ensuring cost-effectiveness, maintaining inventory levels, and adhering to company policies and regulations to meet organizational goals.

Key Responsibilities:

Sourcing and Procurement:

• Identify reliable suppliers and vendors for goods and services.
• Obtain and evaluate quotes, bids, and proposals to ensure competitive pricing.
• Negotiate contracts and terms to secure favorable agreements.

Inventory Management:

• Monitor inventory levels to avoid shortages or overstocking.
• Coordinate with relevant departments to assess procurement needs.
• Ensure timely replenishment of inventory.

Supplier Relationship Management:

• Build and maintain strong relationships with suppliers.
• Evaluate supplier performance regularly to ensure quality, reliability, and compliance.
• Resolve any supplier-related issues promptly.

Compliance and Documentation:

• Ensure procurement activities comply with company policies and regulations.
• Maintain accurate records of purchases, contracts, and supplier agreements.
• Prepare and present reports on procurement activities, cost analyses, and savings.

Cost Management:

• Monitor and control procurement budgets.
• Identify opportunities for cost reduction and process optimization.

Quality Assurance:

• Ensure all procured goods and services meet the required quality standards.
• Conduct inspections and liaise with relevant departments for quality control.

Vendor Selection and Evaluation:

• Perform market research to identify potential vendors.
• Assess vendor qualifications and conduct due diligence.
• Facilitate the vendor onboarding process.

Risk Management:

• Identify and mitigate risks in the supply chain.
• Implement contingency plans for procurement challenges.