Procurement Officer

The Procurement Officer is responsible for managing the procurement process within the organization, ensuring the acquisition of high-quality goods and services while adhering to budgetary constraints and operational guidelines. This individual will play a crucial role in enhancing the efficiency and effectiveness of procurement strategies, ensuring compliance with regulatory requirements, and fostering relationships with suppliers.

Job Responsibilities

1. Develop and implement procurement strategies that align with the organization's objectives.
2. Manage the end-to-end procurement process, including sourcing, negotiating, contracting, and purchasing goods and services.
3. Create and maintain relationships with suppliers to secure favorable terms and ensure quality delivery.
4. Conduct market research to identify potential suppliers and analyze market trends to inform purchasing decisions.
5. Ensure compliance with procurement policies and regulatory requirements, maintaining transparency and accountability in all procurement activities.
6. Monitor and evaluate supplier performance, addressing any issues as they arise to maintain high standards of service delivery.
7. Prepare and maintain detailed procurement records, reports, and documentation to provide insights and facilitate audits.
8. Collaborate with internal departments to assist in defining procurement needs and ensuring alignment with broader organizational goals.
9. Participate in budget planning and forecasting to ensure that procurement activities remain within budgetary limits.

Essential Qualifications

1. Bachelor's degree in Business Administration, Supply Chain Management, or a related field.
2. Strong understanding of procurement processes and supply chain management principles.
3. Excellent negotiation and communication skills, with the ability to build relationships with various stakeholders.
4. Proficiency in Microsoft Office Suite and procurement software.
5. Attention to detail and strong organizational skills.

Desired Experience

1. Minimum of 5 years of experience in a procurement role, preferably within a similar industry.
2. Demonstrated experience in vendor management and negotiating contracts.
3. Experience in managing budgets and conducting cost analyses.