The Procurement Specialist is essential in managing the company's supply chain by sourcing and purchasing goods and services. This role ensures cost-effective procurement strategies, maintaining quality standards, and supporting operational efficiency to meet organizational objectives.
- Develop and implement procurement strategies that align with company goals.
- Negotiate contracts with suppliers to secure advantageous terms.
- Review purchase orders for accuracy and compliance with policies.
- Monitor supplier performance to ensure timely delivery of goods/services.
- Conduct market research to identify potential suppliers and trends.
- Collaborate with internal departments to understand their purchasing needs.
- Strong negotiation skills for securing favorable terms with suppliers.
- Proficient in procurement software such as SAP Ariba or Oracle Procurement Cloud.
- Excellent analytical skills for evaluating supplier proposals and market conditions.
- Effective communication skills for liaising between vendors and internal teams.
The performance of the Procurement Specialist is evaluated through cost savings achieved, supplier relationship management, timely fulfillment of purchase orders, and adherence to budgetary constraints while ensuring quality standards are met consistently across all procurements.
Cost Savings
Achieve targeted cost reductions through strategic sourcing initiatives.
Supplier Performance
Maintain high levels of supplier reliability in delivery timelines.
Order Fulfillment
Ensure on-time completion of purchase orders within budget limits.
Reports to
Procurement Manager
Collaborates with
Finance Department, Operations Team
Leads
- SAP Ariba
- Oracle Procurement Cloud
Bachelor's degree in Supply Chain Management or Business Administration; 3-5 years experience in a procurement role preferred.
