Procurement Specialist

Job Summary:

We are seeking a highly skilled Procurement Specialist to manage the procurement of materials, goods, and services for the organization. The ideal candidate will have a strong background in sourcing, supplier relationship management, and procurement strategies. The Procurement Specialist will play a critical role in ensuring that the company acquires necessary materials and equipment at the best possible prices while maintaining high standards of quality and ensuring timely delivery.

Key Responsibilities:

• Procurement Management: Lead the procurement process for materials, goods, and services, ensuring timely and cost-effective acquisition to meet operational requirements.
• Supplier Negotiation: Negotiate favourable terms with suppliers, securing competitive prices and contracts while fostering strong, long-term supplier relationships.
• Cost Optimization: Ensure cost-effective purchasing by evaluating and selecting suppliers based on price, quality, reliability, and delivery performance. Continuously seek opportunities to optimize procurement costs.
• Supplier Relationship Management: Develop and maintain strong relationships with key suppliers, ensuring effective communication, conducting performance reviews, and resolving issues as needed.
• Market Analysis: Conduct regular market research to stay informed about industry trends, evaluate suppliers, and understand market conditions that could impact pricing or availability.
• Inventory Coordination: Collaborate with inventory and warehouse teams to ensure procurement aligns with inventory needs, demand forecasts, and operational schedules.
• Contract Management: Oversee the negotiation and management of supplier contracts, ensuring compliance with agreed terms, service levels, and pricing.
• Compliance & Documentation: Ensure that all procurement activities adhere to company policies, industry regulations, and legal requirements. Maintain accurate records of purchasing activities and supplier contracts.
• Supplier Performance Evaluation: Monitor and assess supplier performance based on quality, cost, and delivery metrics. Take corrective actions as necessary when performance issues arise.
• Reporting: Prepare and present procurement reports, including cost savings, supplier performance, and inventory status, to senior management.