Job Summary:
The Procurement Specialist manages the procurement of goods and services, sources suppliers, negotiates contracts, and ensures timely and cost-effective acquisitions. This role supports supply chain efficiency and operational needs.
Key Responsibilities:
- Identify and evaluate suppliers, maintain key relationships, and conduct supplier performance evaluations. Handle sourcing, purchase orders, and market research to ensure procurement aligns with organizational requirements and policies.
- Negotiate terms and conditions with suppliers, draft and manage contracts, and ensure compliance. Analyze procurement costs, implement cost-saving initiatives, and monitor expenditure.
- Ensure procured goods meet quality standards, address issues with suppliers, and collaborate with the quality control team. Manage delivery schedules and inventory levels, working with logistics teams or stakeholders for efficient management.
- Ensure compliance with legal, regulatory, and organizational policies, identify and mitigate risks, and maintain accurate records.
Requirements:
- Diploma or equivalent; associate degree or higher in Business Administration, Supply Chain Management, or a related field is preferred, with 3-5 years of procurement experience.
- Strong negotiation, analytical, and problem-solving skills, proficiency in procurement software and Microsoft Office Suite, and excellent communication and interpersonal skills.
- Attention to detail, strong organizational skills, and the ability to work independently and as part of a team. Time management, multitasking abilities, and a customer-focused mindset are essential.
- Ability to occasionally travel to supplier sites and factories to support business needs.
