Procurement Specialist

The Procurement Specialist is responsible for managing the purchasing of goods and services to ensure the company’s operational needs are met efficiently and cost-effectively. This role involves sourcing suppliers, negotiating contracts, and ensuring compliance with procurement policies and industry regulations. The ideal candidate should have strong analytical skills, supplier management experience, and a solid understanding of procurement best practices.

Responsibilities:

• Research and evaluate potential suppliers to ensure quality, cost-effectiveness, and reliability.

• Develop and maintain strong relationships with vendors and negotiate favorable terms and pricing.

• Process purchase orders and ensure timely delivery of goods and services.

• Monitor inventory levels and coordinate with internal departments to determine purchasing needs.

• Ensure procurement processes comply with company policies and legal regulations.

• Analyze market trends and pricing to identify cost-saving opportunities.

• Maintain accurate records of purchases, contracts, and supplier performance.

• Work closely with finance and operations teams to manage budgets and optimize spending.

• Resolve any supply chain issues, including delays, discrepancies, and quality concerns.

• Prepare reports on procurement activities, supplier performance, and cost analysis.

Requirements:

• Bachelor's degree in Supply Chain Management, Business Administration, or a related field.

• Proven experience as a Procurement Specialist or in a similar role.

• Strong negotiation and contract management skills.

• Knowledge of procurement software and ERP systems.

• Excellent organizational and problem-solving abilities.

• Strong understanding of supply chain operations and cost analysis.

• Ability to manage multiple projects and deadlines effectively.

• Strong communication and interpersonal skills for vendor management.

• Experience in industries such as manufacturing, construction, or retail is a plus.