
Sourcing and Procurement Specialist
1 day ago
Procurement Operations Expert
We are seeking a highly skilled Procurement Operations Expert to join our team. The ideal candidate will have experience in managing procurement operations, developing and implementing strategies to optimize cost, quality, and delivery timelines.
Key Responsibilities:
- Procurement Strategy & Supplier Management
- Develop and implement effective procurement strategies to achieve business objectives.
- Establish relationships with suppliers, manufacturers, and vendors, and negotiate contracts, pricing, and terms to secure the best value for the company.
- Maintain a supplier database, ensuring continuous assessment of performance and compliance.
- Engineering & Technical Procurement
- Work closely with engineering and project teams to understand technical requirements for materials and equipment.
- Ensure purchased materials comply with engineering specifications, industry standards, and safety regulations.
- Review and approve technical documents, material submittals, and compliance certifications.
- Conduct market research to identify cost-effective alternatives and innovative materials.
- Cost Control & Budget Management
- Monitor procurement budgets and drive cost-saving initiatives without compromising quality.
- Analyze procurement data and supplier performance to identify cost reduction opportunities.
- Forecast pricing trends and market fluctuations to mitigate financial risks.
- Logistics & Supply Chain Coordination
- Ensure timely delivery of materials by coordinating with suppliers and logistics teams.
- Optimize supply chain processes to minimize delays and disruptions.
- Oversee international and domestic shipping, customs regulations, and import/export requirements.
- Compliance & Risk Management
- Ensure compliance with industry standards, legal requirements, and company policies.
- Conduct risk assessments related to procurement, including supplier financial stability and geopolitical risks.
- Manage contract disputes, warranties, and claims in collaboration with internal stakeholders.
- Technology & Reporting
- Utilize procurement software and ERP systems to streamline purchasing workflows.
- Generate reports on procurement performance, supplier KPIs, and cost savings.
- Implement digital tools to enhance procurement efficiency and transparency.
Deliverables & Work Products:
- RFQs/RFPs & PO Documentation
- Order Tracking & Delivery Reports
- Supplier Evaluation & Negotiation Summaries
- Inventory & Cost Tracking Reports
- Procurement Compliance & Audit Files
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