Procurement Specialist Job Description
As a Procurement Specialist, you will play a key role in sourcing and procuring materials, negotiating with suppliers, and maintaining good relationships with vendors. You will be responsible for evaluating suppliers, managing contracts, monitoring inventory levels, and ensuring timely delivery of goods and services. Your goal is to support the organization in obtaining quality products and services at the best possible prices.
Responsibilities
- Develop and implement procurement strategies to meet the company's purchasing needs
- Identify and evaluate potential suppliers based on cost, quality, and delivery performance
- Negotiate contracts and terms with suppliers to ensure favorable pricing and conditions
- Maintain strong relationships with suppliers and manage vendor performance
- Monitor inventory levels and ensure timely delivery of goods
- Collaborate with internal stakeholders to understand and anticipate procurement needs
- Manage the procurement process from requisition to payment
- Ensure compliance with company policies and relevant regulatory requirements
- Conduct market research to stay updated on industry trends and best practices in procurement
Qualifications
- Bachelor's degree in supply chain management, business, or a related field
- Proven experience as a Procurement Specialist or in a similar role
- In-depth knowledge of procurement principles and best practices
- Strong negotiation and communication skills
- Ability to build and maintain effective relationships with internal stakeholders and suppliers
- Excellent organizational and analytical skills
- Proficient in using procurement software and tools
- Knowledge of relevant legal and regulatory requirements
- Ability to work under pressure and meet tight deadlines
Skills
- Sourcing and procurement
- Supplier evaluation and management
- Contract negotiation
- Inventory management
- Market research
- Supply chain management
- Communication
- Organizational skills
- Analytical skills
- Attention to detail