Procurement Officer

Job Overview

The 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 Responsibilities

Sourcing 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.