Procurement Officer
1 week ago
- Vendor Management
- Identify, evaluate, and manage vendors and suppliers to meet quality, cost, and delivery requirements.
- Build and maintain relationships with key vendors and monitor supplier performance.
- Conduct regular supplier evaluations to ensure compliance with company standards.
- Coordinate the procurement process, including preparing purchase orders, monitoring inventory levels, and ensuring timely delivery of goods.
- Oversee contract negotiations, ensuring cost-effective and favorable terms for the company.
- Collaborate with the legal team to review terms and conditions in vendor contracts.
- Analyze and assess total costs of company purchases and work to reduce unnecessary expenditures.
- Assist in preparing procurement budgets and forecasts based on project and operational needs.
- Perform cost-benefit analysis for different software tools and equipment, considering long-term value.
- Ensure procurement activities comply with internal policies, procedures, and external regulations.
- Maintain detailed records of all procurement transactions and supplier agreements.
- Prepare and present regular reports on procurement activities, spend, and savings.
- Identify potential risks in the supply chain and develop strategies to mitigate these risks.
- Ensure continuity of supply by developing alternative sourcing options for critical items.
- Collaborate with IT, finance, legal, and project management teams to identify procurement needs, streamline purchasing, and support operational goals.
- Engage with stakeholders to understand software and equipment requirements for new projects.
Requirements
- Education: Bachelor's degree in Business Administration, Supply Chain Management, or related field. Certification in procurement or supply chain management (e.g., CIPS, CPSM) is a plus.
- Experience: 4+ years of experience in procurement, ideally in IT or software-related purchasing.
- Technical Knowledge: Familiarity with software licensing models, cloud services, SaaS procurement, and vendor management best practices.
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