Procurement Officer

Job Summary

The Procurement Officer is responsible for sourcing, evaluating, and selecting suppliers to ensure the organization obtains high-quality goods and services at competitive prices. The role involves negotiating contracts, managing vendor relationships, overseeing purchase processes, and ensuring compliance with company policies and legal regulations.

Key Responsibilities

• Source, evaluate, and select vendors based on quality, reliability, and cost-effectiveness.
• Negotiate pricing, contract terms, and delivery schedules with suppliers.
• Prepare and process purchase orders in accordance with company procedures.
• Monitor and track deliveries to ensure timely receipt of goods and services.
• Manage vendor payments in coordination with the finance department.
• Analyze supplier proposals and market trends to support informed purchasing decisions.
• Resolve procurement-related issues such as delivery delays or quality concerns.
• Ensure compliance with internal policies, legal requirements, and ethical standards.
• Maintain accurate procurement records and documentation.
• Support budgeting and cost analysis to maximize return on investment (ROI).

Educational Qualifications

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

Required Skills & Competencies

• Strong negotiation and contract management skills.
• Ability to build and maintain long-term supplier relationships.
• Analytical skills with experience in cost analysis and budgeting.
• Knowledge of procurement processes and supply chain management principles.
• Proficiency in procurement software (e.g., SAP, Oracle), e-procurement systems, and MS Excel.
• Strong attention to detail and organizational skills.
• Excellent communication and problem-solving abilities.

Experience Requirements

• Proven experience in procurement, purchasing, or supply chain management (preferred).

Job Type: Full-time