Procurement Specialist

Socket.dev; Toronto; Hybrid; CAD 63,000 - 79,000; Full time

Job summary

Socket.dev is seeking a Procurement Specialist to collaborate with Procurement Managers on RFXs, contract reviews and supply chain initiatives.

The role emphasizes strategic planning, sourcing strategies, supplier relationships, and end-to-end procurement processes, with a focus on cost optimization and compliance.

Qualifications

• 5-10 years of relevant work experience.
• Knowledge of strategic sourcing requirements and practices.
• Ability to manage multiple projects simultaneously.
• Ability to assist in development and execution of supplier contracts.
• Advanced analytical and problem solving skills.
• Proficient with MS Office and databases.
• Ability to build and manage stakeholder relationships.
• Strong ethics and accountability.

Responsibilities

• Engages stakeholders to understand business requirements.
• Develops and recommends strategic plans for Manager review.
• Implements strategic plans.
• Assist in development and recommendation of sourcing strategies.
• Assist with implementation of sourcing strategy.
• Identify cost improvement opportunities for assessment.
• Achieves improvements in operational efficiencies and cost savings.
• Support end-to-end competitive bid processes.
• Develops and maintains supplier relationships.
• Develops, implements and monitors supplier contracts.
• Maintains knowledge of category best practices and industry trends.
• Reviews and approves vendor set up requests and vendor information changes.
• Perform Anti-Bribery and Corruption due diligence.
• Reviews and processes Purchase Orders daily.
• Maintain daily PO records with established quality standards.
• Utilize standard templates for sourcing activity.
• Ensure adherence to company policies and procedures.
• Support Procurement team members as required.

Skills

Strategic sourcing

Stakeholder management

Analytical thinking

Multi-tasking

Customer service

English communication

Team collaboration

Problem solving

Process improvement

Education

Supply Chain Management Professional Designation (PMAC or equivalent)

Tools

MS Office

Proprietary databases

Job description

SUMMARY

The Procurement Specialistis responsible for collaborating with Procurement Managers on a multitude of Procurement projects ranging from RFXs, contract management reviews and other supply chain management initiatives.

KEY DUTIES & RESPONSIBILITIES

Strategic Planning & Delivery

• Engages stakeholders to understand business requirements
• Develops and recommends strategic plans for Manager review
• Implements strategic plans

Sourcing Strategy

• Assist in the development and recommendation of sourcing strategies that maximize value and mitigate risks to the company and its clients.
• Assist with the implementation of the sourcing strategy

Opportunities Assessment & Implementation

• Identify cost improvement opportunities for assessment.
• Achieves improvements in operational efficiencies and cost savings as a result

Competitive Bids

• Support the execution of end-to-end competitive bid process for strategic plans

Supplier Relationship Management

• Develops and maintains effective relationships with suppliers

Supplier Contractual Agreements

• Develops, implements, amends and monitors supplier contractual agreements

Strategic Sourcing Best Practices & Industry Trends

• Maintains in-depth and current category knowledge as well as knowledge of strategic sourcing best practices and industry trends
• Provides category and strategic sourcing subject matter expertise

Vendor Qualification & Set-Up Process

• Reviews and approves vendor set up requests and vendor information changes
• Perform Anti-Bribery and Corruption due diligence

Purchase Order Administration

• Reviews requests and process purchase orders
• Prepare, send and file Purchase Orders on a daily basis meeting established quality standards.
• Responsible for daily maintenance of existing Purchase Orders.

Support

• Utilize standard templates for all strategic sourcing activity including but not limited to RFx templates, contract agreements, scopes of work, service level agreements, and letters of agreements
• Ensure adherence to Company Policies, Processes and Work Instructions
• Support Procurement team members as required

Other

• Other duties and special projects as assigned

KNOWLEDGE & SKILLS

• 5-10 years of relevant work experience
• Knowledge of strategic sourcing requirements and practices. Maintains current knowledge
• Ability to manage multiple projects simultaneously
• Ability to assist in the development and execution of supplier contract agreements
• Advanced analytical and problem solving skills
• Computer proficiency in MS Office applications. Ability to quickly learn proprietary databases
• Ability to build and manage relationships with various stakeholders
• Has working knowledge and experience in own discipline
• Continues to build knowledge of the organization, processes and customers
• Uses prescribed guidelines or policies to analyze and resolve problems
• Receives a moderate level of guidance and direction
• High degree of business ethics and accountability
• High degree of client service orientation
• Possesses a team spirit and strong collaboration
• Exceptional interpersonal skills
• Tenacity to overcome challenges to deliver on commitments
• Good English communication skills both verbal and written
• Facilities Management/ Property Management experience, an asset

Licenses and/or Professional Accreditation

• Partial or full completion of Supply Chain Management Professional Designation from Purchasing Management Association of Canada, or equivalent, an asset

This is a regular, full-time position with a salary range of $63,397 - $79,246 per annum. The starting salary will be based on the successful candidate’s competencies, including but not limited to experience, education and performance related to this role.

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