Position Overview: The Procurement Specialist is responsible for managing the purchasing process within an organization, ensuring the acquisition of goods and services at the best value. This role involves collaborating with various departments to identify procurement needs, sourcing suppliers, negotiating contracts, and managing supplier relationships.

Key Responsibilities:

Purchasing Management:

• Develop and implement procurement strategies that align with organizational goals.
• Manage the end-to-end procurement process, from requisition to order fulfillment.

Supplier Sourcing:

• Identify and evaluate potential suppliers to ensure quality and cost-effectiveness.
• Conduct market research to stay informed about industry trends and pricing.

Contract Negotiation:

• Negotiate contracts and terms with suppliers to secure favorable agreements.
• Review and approve purchase orders and contracts to ensure compliance with policies.

Relationship Management:

• Build and maintain strong relationships with suppliers and internal stakeholders.
• Monitor supplier performance and address any issues or discrepancies.

Cost Management:

• Analyze procurement data to identify cost-saving opportunities.
• Implement strategies to optimize inventory levels and reduce procurement costs.

Compliance and Reporting:

• Ensure compliance with company policies and regulatory requirements in all procurement activities.
• Prepare reports on procurement activities, budgets, and supplier performance for management review.