Strategic Procurement Specialist

Responsibilities

• Negotiate and finalize contracts with suppliers to secure the best pricing and terms while ensuring quality standards are met.
• Conduct market research and analysis to identify potential suppliers and evaluate their capabilities and reliability.
• Manage the procurement process from requisition to delivery, ensuring timely and cost-effective acquisition of goods and services.
• Develop and maintain strong relationships with key suppliers to foster collaboration and enhance supply chain efficiency.
• Monitor inventory levels and forecast demand to prevent overstocking or stockouts, optimizing inventory turnover.
• Analyze purchase orders and contracts to identify cost-saving opportunities and recommend improvements to purchasing strategies.
• Collaborate with internal departments, such as finance and logistics, to align procurement activities with overall business objectives.
• Prepare and present reports on purchasing activity, supplier performance, and market trends to senior management.
• Stay updated with industry trends and innovations to continuously improve procurement processes and practices.