Job Description

• Execute procurement activities, including identifying suppliers, obtaining quotations, evaluating bids, and selecting vendors based on quality, cost, and delivery considerations.
• Collaborate with internal stakeholders to understand their procurement requirements and develop effective sourcing strategies to meet their needs.
• Ensure compliance with procurement policies, procedures, and regulations throughout the procurement process.
• Conduct market research and analysis to identify potential suppliers, assess market trends, and evaluate product/service offerings.
• Negotiate favorable terms, conditions, and pricing with vendors to secure cost-effective agreements while maintaining quality standards.
• Establish and maintain strong relationships with suppliers, regularly assessing their performance and addressing any issues or concerns.
• Monitor supplier contracts, agreements, and service level agreements to ensure compliance and resolve any contract-related issues.
• Work closely with budget owners and finance teams to develop and manage procurement budgets.
• Identify cost-saving opportunities, alternative suppliers, and more efficient procurement processes to optimize expenses without compromising quality or delivery timelines.
• Track and analyze procurement data and metrics to identify trends, measure performance, and identify areas for improvement.
• Collaborate with cross-functional teams to develop detailed specifications for complex items, ensuring clear requirements for procurement.
• Conduct thorough bid analysis, comparing competing bids based on quality, price, delivery, and other relevant factors, to make informed purchasing decisions.
• Coordinate with stakeholders to address any questions or clarifications during the bid evaluation process.
• Maintain accurate and complete records of all procurement transactions, including purchase orders, contracts, invoices, and relevant documentation.
• Ensure proper documentation of supplier information, performance evaluations, and contract renewals.
• General reports and provide regular updates on procurement activities, performance metrics, and cost savings achieved.

Skills

• Strong understanding of procurement principles, sourcing strategies, and supply chain management concepts.
• Excellent negotiation skills to secure favorable terms, pricing, and contracts with suppliers.
• Analytical and problem-solving abilities to evaluate bids, assess supplier capabilities, and make data-driven decisions.
• Knowledge of contract management principles, including contract drafting, review, and administration.
• Familiarity with budget management and cost optimization techniques to achieve cost savings without compromising quality.
• Proficiency in using procurement software, databases, and other relevant tools to manage procurement processes and data.
• Strong communication and interpersonal skills to effectively collaborate with stakeholders and build
• relationships with suppliers.

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