The Procurement Officer is responsible for sourcing, purchasing, and managing the supply of goods and services required by the organization. The role ensures timely procurement of quality materials at competitive prices while maintaining compliance with company policies, budget requirements, and supplier management standards. The Procurement Officer collaborates closely with internal stakeholders and external vendors to support operational efficiency and business continuity.
Key Responsibilities
Procurement & Sourcing
- Source and evaluate suppliers based on quality, cost, delivery capability, service levels, and compliance requirements.
- Obtain and analyze quotations, proposals, and bids from vendors.
- Conduct price negotiations to achieve cost savings and favorable commercial terms.
- Create and process purchase orders in accordance with approved procurement procedures.
- Ensure timely procurement of materials, equipment, and services required by the business.
Supplier Management
- Build and maintain strong relationships with accredited suppliers and service providers.
- Monitor supplier performance, including quality, delivery timelines, responsiveness, and contract compliance.
- Resolve supplier-related issues, including delivery delays, quality concerns, and invoice discrepancies.
- Participate in supplier accreditation and periodic vendor performance reviews.
Contract & Documentation Management
- Assist in preparing, reviewing, and maintaining supplier contracts and agreements.
- Maintain accurate procurement records, supplier databases, and purchasing documentation.
- Ensure compliance with procurement policies, internal controls, and audit requirements.
Inventory and Cost Control
- Coordinate with warehouse, operations, and requesting departments to maintain optimal inventory levels.
- Monitor consumption trends and identify opportunities for cost reduction and process improvement.
- Support budget management by tracking purchase costs and spending against approved budgets.
Stakeholder Coordination
- Work closely with internal departments to understand purchasing requirements and specifications.
- Provide procurement status updates to requestors and management.
- Support cross-functional initiatives related to supply chain efficiency and vendor management.
Compliance & Risk Management
- Ensure procurement activities comply with company policies, ethical sourcing standards, and applicable regulations.
- Identify supply risks and develop alternative sourcing strategies when necessary.
- Participate in internal and external audits related to procurement activities.
Qualifications
Education
- Bachelor's Degree in Business Administration, Supply Chain Management, Logistics, Industrial Engineering, Accounting, Finance, or a related field.
Experience
- At least 2-5 years of experience in procurement, purchasing, sourcing, or supply chain operations.
- Experience in manufacturing, FMCG, retail, or corporate procurement is an advantage.
Technical Skills
- Knowledge of procurement and sourcing processes.
- Experience with ERP systems such as SAP, Oracle, Microsoft Dynamics, or similar procurement platforms.
- Proficiency in Microsoft Excel, including data analysis and reporting.
- Understanding of supplier evaluation, contract management, and inventory management principles.
Competencies
- Strong negotiation and vendor management skills.
- Analytical and problem-solving abilities.
- Attention to detail and accuracy.
- Excellent communication and interpersonal skills.
- Strong organizational and time management skills.
- Ability to work under pressure and manage multiple priorities.
- High level of integrity and professionalism.
. Skillset Required: procurement, sourcing, supply chain operation, vendor negotiation