Purchasing Specialist

Placements24; Sandton; On-site; ZAR 420,000 - 660,000; Full time

Benefits offered by this job

Health insurance

Retirement plan

Professional development opportunities

Job summary

Placements24 is assisting a rapidly growing financial services institution in Sandton, Gauteng to recruit a meticulous Purchasing Specialist. You will manage the procurement lifecycle from requisition through to order fulfillment and source vendors that meet quality and cost targets, building strong supplier relationships.

Key responsibilities include negotiating terms, maintaining procurement records, and ensuring compliance with regulations, while collaborating with internal teams to deliver

Qualifications

• Bachelor's degree in Supply Chain Management, Business Administration, Finance, or related field.
• Minimum of 3 years in a purchasing or procurement role, preferably in financial services.
• Experience in supplier negotiation and relationship management.
• Proficiency in procurement software and ERP systems.
• Strong analytical and problem-solving skills.
• Excellent communication, interpersonal, and organizational skills.

Responsibilities

• Manage the procurement lifecycle from requisition to order fulfillment.
• Identify, research, and vet potential suppliers to meet standards for quality and reliability.
• Negotiate prices and terms to achieve cost savings.
• Build and maintain relationships with key vendors and service providers.
• Ensure procurement activities comply with policies and regulations.
• Maintain accurate procurement records including POs and contracts.
• Collaborate with internal stakeholders to understand needs and provide procurement solutions.
• Monitor supplier performance and address issues.
• Analyze market trends to identify cost-saving opportunities.
• Assist in developing and updating procurement policies and procedures.

Skills

Procurement software

ERP systems

Analytical thinking

Communication skills

Organizational skills

Negotiation

Education

Bachelor's degree in Supply Chain Management / related field

Tools

Procurement software

ERP systems

Job description

About the Role

Our client, a rapidly growing financial services institution, is seeking a meticulous and proactive Purchasing Specialist to join their operations in Sandton, Gauteng . This role is integral to managing the acquisition of a wide range of goods and services, ensuring cost efficiency, quality, and compliance. The Purchasing Specialist will work closely with various departments to understand their needs and source appropriate vendors, playing a key role in optimizing the company's procurement processes. This is an excellent opportunity for a procurement professional to contribute to a dynamic and forward-thinking organization in the heart of Sandton 's business district.

Key Responsibilities

Manage the procurement lifecycle for various goods and services, from requisition to order fulfillment. Identify, research, and vet potential suppliers to ensure they meet company standards for quality and reliability. Negotiate competitive prices and terms with suppliers to achieve cost savings. Build and maintain strong relationships with key vendors and service providers. Ensure all procurement activities comply with company policies, procedures, and relevant regulations. Maintain accurate and organized procurement records, including purchase orders and contracts. Collaborate with internal stakeholders to understand their needs and provide timely procurement solutions. Monitor supplier performance and address any performance-related issues. Analyze market trends to identify potential cost-saving opportunities. Assist in developing and updating procurement policies and procedures as needed.

Requirements

Bachelor's degree in Supply Chain Management, Business Administration, Finance, or a related field. A minimum of 3 years of experience in a purchasing or procurement role, preferably within the financial services sector. Demonstrated experience in supplier negotiation and relationship management. Proficiency in procurement software and ERP systems. Strong analytical and problem-solving skills. Excellent communication, interpersonal, and organizational skills. Ability to manage multiple tasks and priorities effectively. High attention to detail and accuracy. Familiarity with financial regulations impacting procurement is an advantage. A proactive and results-oriented approach to work.

Benefits

Our client offers a competitive salary package, aligned with the candidate's experience and qualifications. Employees benefit from a comprehensive health insurance plan, a substantial retirement fund contribution, and opportunities for professional development and further education. The company fosters a professional and supportive work environment in Sandton , encouraging collaboration and career growth. This role provides a stable and rewarding career path within a reputable financial institution.