Strategic Procurement Specialist
3 days ago
The Procurement and Purchase Executive role offers a unique chance to make a significant impact on the company's procurement function.
This position requires a dynamic individual with expertise in procurement, supply chain management, and strategic sourcing.
Key Responsibilities:
- Develop procurement strategies that ensure efficiency, cost-effectiveness, and alignment with company objectives.
- Manage and optimize sourcing strategies to meet procurement goals.
- Strategic Planning:
- Purchase Operations:
- Pricing and Cost Control:
Purchase Operations:
- Place purchase orders with suppliers based on approved requisitions and ensure timely delivery of goods and services.
- Track orders, ensure accurate documentation, and resolve any issues related to delivery, quality, documentation, or pricing.
- Coordinate with the Finance Department to ensure smooth operations.
- Maintain records of purchases, pricing, and supplier performance, ensuring adherence to budget and cost constraints.
- Build and maintain strong relationships with vendors and key suppliers to ensure consistent availability of essential resources.
- Negotiate long-term agreements with key suppliers for stable pricing, quality assurance, and supply chain efficiency.
- Evaluate supplier performance and ensure compliance with company standards.
Pricing and Cost Control:
- Negotiate pricing agreements to implement cost-control measures and enhance cost efficiency.
- Identify opportunities to reduce procurement costs through improved vendor terms, alternative sourcing, and volume leverage.
- Implement structured cost analysis methodologies to track spending and identify cost-saving opportunities.
- Maintain a centralized vendor master database, ensuring accuracy, consistency, and compliance across business units.
- Streamline vendor management processes to improve procurement, payment processing, and vendor compliance.
- Collaborate closely with the Finance team to ensure timely payments and avoid duplicate transactions.
- Bachelor's degree in a related field.
- Minimum of 5 years of experience in procurement or supply chain management, including strategic sourcing and cost negotiation.
- Strong knowledge of procurement best practices, contract management, and supplier evaluation.
- Exceptional negotiation, analytical, and problem-solving skills.
- Excellent analytical and market research abilities to drive cost-effective procurement decisions.
- Proven ability to manage multiple sourcing projects while ensuring operational efficiency.
- Proficiency in ERP systems and procurement software.
- Strong proficiency in MS Office.
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