Procurement Officer

Job OverviewThe Procurement Officer will manage the sourcing and purchasing of goods, materials, and services required by the company. This role ensures cost-efficiency, quality, and timely delivery by negotiating contracts and maintaining supplier relationships. The ideal candidate will have a keen eye for detail, strong negotiation skills, and the ability to analyze market trends to drive savings and ensure operational excellence.Key ResponsibilitiesSourcing and Purchasing:Identify potential suppliers and conduct competitive bidding processes.Evaluate supplier proposals, negotiate pricing, and secure favorable contract terms.Place and track purchase orders to ensure timely delivery of materials and services.Supplier Relationship Management:Develop and maintain relationships with key suppliers.Address supplier performance issues and ensure compliance with contract terms.Evaluate and onboard new suppliers as needed.Cost Control and Analysis:Conduct cost analyses to identify potential savings.Monitor market trends to ensure competitive pricing.Develop strategies to reduce procurement expenses while maintaining quality standards.Risk and Compliance:Ensure all procurement activities comply with company policies and legal requirements.Assess and mitigate risks in the supply chain to prevent disruptions.Maintain accurate records of purchases, contracts, and supplier agreements.Collaboration:Work closely with internal departments (e.g., finance, operations, logistics) to determine procurement needs.Align procurement strategies with overall business objectives.Participate in cross-functional teams to drive procurement projects.