Procurement Officer

Objective:

A Procurement officer is a professional responsible for procuring goods and services on behalf of an organization. Their primary role is to ensure that the organization obtains the necessary supplies, materials, or products at the right quality, price, and within the required timeframe. This position requires extensive research and the ability to negotiate contracts with suppliers, manage an inventory, evaluate quality goods, and stick within a budget.

Qualification:

1.Bachelor's degree in business, supply chain management, or a related field. Some positions may require a master''s degree or certification.

2.Relevant work experience in procurement or a related field is often preferred, especially for more senior roles.

3.Strong analytical and problem-solving skills to assess supplier offerings and pricing.

4.Familiarity with procurement software and Microsoft Excel for data analysis.

General responsibilities

1.Identify potential suppliers, conduct market research, and evaluate their capabilities, pricing, and reliability.

2.Negotiate terms and conditions with suppliers to secure favorable contracts, including pricing, payment terms, delivery schedules, and quality standards.

3.Create and manage purchase orders for goods and services, ensuring accuracy and compliance with company policies and procedures.

4.Monitor and manage inventory levels to optimize stock levels and reduce carrying costs while ensuring adequate supply.

5.Continuously analyze costs, market trends, and supplier performance to identify cost-saving opportunities and improve efficiency.

6.Maintain and update supplier contracts, including renewals, amendments, and terminations.

7.Stay informed about industry trends, market conditions, and emerging products or services that could benefit the organization.

8.Ensure compliance with all relevant laws, regulations, and company policies in the procurement process.

9.Excellent negotiation and communication skills to secure favorable deals.

10.Precision in tracking orders, monitoring inventory, and managing supplier relationships.

11.Adherence to ethical and compliance standards in procurement practices.

12.Ability to adapt to changing market conditions and business needs.

13.Collaboration with various departments, such as logistics, finance, and production, to ensure smooth operations.

14.Understanding of market trends and industry-specific knowledge to make informed decisions.

Job Type: Full-time