Procurement Specialist

Job Description

Job Description

POSITION OVERVIEW :

The Procurement Specialist plays a pivotal role in managing procurement activities, ensuring the timely availability of materials, and optimizing vendor relationships to meet organizational goals. This role focuses on aligning procurement efforts with demand planning to deliver the right product, at the right time and place, and at the right price.

Leveraging technology, data analytics, and innovative procurement strategies, the Procurement Specialist supports production efficiency, inventory optimization, and cost savings. Additionally, this position serves as the gatekeeper for vendor data, managing processes such as order confirmations, on-time delivery tracking, and non-conformance reporting. The role requires adherence to strict business ethics and integrity standards while delivering superior levels of customer service and satisfaction

The Procurement Specialist is entrusted with delegated authority to direct company funds as per applicable directives. This position involves defining and resolving challenges in value, quality, feasibility, and specifications related to procurement while contributing to cost savings, supplier partnerships, and value-added activities to meet customer needs and expectations.

This role requires a person who collaborates with stakeholders to implement category strategies that support organizational goals. It offers the opportunity to support innovative procurement processes, mitigate risks, and elevate customer service. Responsibilities Procurement Planning & Inventory Management

• Develop and execute procurement strategies to meet organizational needs and budget constraints.
• Processing POs, Optimize inventory levels to prevent overstocking or shortages and manage efficient reordering.
• Monitor stock usage patterns and proactively anticipate future procurement needs.
• Collaborate with logistics and warehousing teams to ensure smooth receipt, storage, and distribution of materials.
• Continuously seek cost reduction opportunities and improve procurement processes.
• Track expenditures, monitor budgets, and ensure procurement activities remain within financial parameters.
• Conduct cost-benefit analyses to assess the feasibility of small to medium-scale purchases or long-term contracts.
• Support supplier performance to ensure contractual obligations are met, resolving disputes or quality issues promptly.
• Co-Lead supplier relationship management (SRM), measure performance, and drive value creation.
• Conduct market research to identify and evaluate reliable suppliers.
• Source goods and services to ensure the best combination of quality, cost, and delivery performance.
• Help to maintain a robust supplier base to ensure consistent availability of required goods.
• Enhance procurement diversity by establishing relationships with diverse suppliers.

Technology and Systems Management

Operational Excellence

Stakeholder Collaboration and Leadership

Position Accountability and Scope

Abilities Required

Required Skills