Procurement Specialist
5 days ago
Job Overview
We are seeking a highly skilled Procurement Specialist to join our team at Toshiba.
Key Responsibilities:
- Analyze suppliers to select the appropriate provider who can deliver high-quality products at competitive pricing.
- Negotiate with suppliers on lead-time, cost, and quality to obtain maximum benefit for the company.
- Manage suppliers to meet objectives related to cost, delivery performance, schedule, and quality.
- Define and maintain documented category and supplier strategies using market and competitive data.
- Liaise with suppliers on delivery schedules to ensure on-time deliveries of final products.
- Meet with potential suppliers to compare products, prices, and lease terms.
- Develop, implement, and drive procurement strategies to meet cost savings targets.
- Review and manage the supplier base to ensure consistency with the sourcing strategy; coordinate with vendors on continuous quality improvement.
- Perform regular performance reviews with suppliers to stimulate continuous improvements.
- Prepare the Bill of Procurement as per the project scope of works and contracts.
- Create monthly performance reviews and reports focusing on overall sourcing requirements.
- Ensure commercial, legal, and contractual compliance in all procurement transactions.
- Adopt appropriate supplier management methodologies and procurement strategies in purchasing to secure better prices.
- Prepare and develop comprehensive reports (monthly, quarterly, annually) as advised by management.
- Perform any other related tasks assigned as per the directives of the HOD (Engineering).
Functional Skills:
- Business Acumen: Develop and implement effective procurement strategies to meet business needs and goals.
- Communication: Communicate effectively with suppliers, stakeholders, and internal teams to achieve procurement objectives.
- Sourcing: Analyze market trends and competitor activity to inform procurement decisions.
- Risk Management: Identify and mitigate risks associated with procurement activities.
- Contract Management: Negotiate and administer contracts with suppliers to ensure compliance with company policies and procedures.
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