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An established industry player is seeking a Procurement Specialist to enhance operational efficiency through strategic sourcing and supplier management. This role involves negotiating contracts, ensuring compliance with procurement policies, and maintaining strong vendor relationships. The ideal candidate will possess strong analytical skills, a solid understanding of supply chain operations, and the ability to manage multiple projects effectively. Join this innovative firm to make a significant impact on procurement processes and contribute to cost-saving initiatives within a dynamic environment.
The Procurement Specialist is responsible for managing the purchasing of goods and services to ensure the company’s operational needs are met efficiently and cost-effectively. This role involves sourcing suppliers, negotiating contracts, and ensuring compliance with procurement policies and industry regulations. The ideal candidate should have strong analytical skills, supplier management experience, and a solid understanding of procurement best practices.
Research and evaluate potential suppliers to ensure quality, cost-effectiveness, and reliability.
Develop and maintain strong relationships with vendors and negotiate favorable terms and pricing.
Process purchase orders and ensure timely delivery of goods and services.
Monitor inventory levels and coordinate with internal departments to determine purchasing needs.
Ensure procurement processes comply with company policies and legal regulations.
Analyze market trends and pricing to identify cost-saving opportunities.
Maintain accurate records of purchases, contracts, and supplier performance.
Work closely with finance and operations teams to manage budgets and optimize spending.
Resolve supply chain issues, including delays, discrepancies, and quality concerns.
Prepare reports on procurement activities, supplier performance, and cost analysis.
Bachelor's degree in Supply Chain Management, Business Administration, or a related field.
Proven experience as a Procurement Specialist or in a similar role.
Strong negotiation and contract management skills.
Knowledge of procurement software and ERP systems.
Excellent organizational and problem-solving abilities.
Strong understanding of supply chain operations and cost analysis.
Ability to manage multiple projects and deadlines effectively.
Strong communication and interpersonal skills for vendor management.
Experience in industries such as manufacturing, construction, or retail is a plus.