Job vacancy Procurement Officer

·         Identify potential suppliers and vendors through market research, supplier evaluations, and networking.

·         Evaluate supplier capabilities, pricing, and quality to select the best suppliers for goods and services.

·         Negotiate contracts, terms, and pricing agreements with suppliers to ensure favorable terms and conditions.

·         Collaborate with internal departments to assess their procurement needs and develop purchase plans.

·         Determine quantity requirements, delivery schedules, and budget constraints for procurement activities.

·         Forecast demand for goods and services to ensure timely availability and optimal inventory levels.

·         Manage the end-to-end procurement process, including requisitioning, sourcing, purchasing, and receiving.

·         Create and issue purchase orders to suppliers, ensuring accuracy and compliance with organizational policies and procedures.

·         Monitor order status, track deliveries, and resolve any discrepancies or delays with suppliers.

·         Supplier Relationship Management:

·         Cultivate and maintain strong relationships with key suppliers and vendors.

·         Address supplier performance issues, resolve disputes, and escalate issues as necessary.

·         Collaborate with suppliers to improve product quality, reduce costs, and optimize supply chain efficiency.

·         Review and negotiate contracts and agreements with suppliers, ensuring compliance with legal and regulatory requirements.

·         Monitor contract performance and adherence to terms and conditions, and enforce contract compliance as needed.

·         Renew contracts, renegotiate terms, and manage contract extensions or terminations as necessary.

·         Monitor procurement expenses and analyze spending trends to identify cost-saving opportunities.

·         Develop and implement cost-control measures to optimize procurement processes and reduce expenses.

·         Prepare budget forecasts and reports on procurement activities for management review.

·         Ensure compliance with procurement policies, procedures, and regulations.

·         Conduct risk assessments of suppliers and vendors to mitigate supply chain risks.

·         Stay abreast of changes in regulations and industry standards, and implement policies and procedures to maintain compliance.

Key Requirements Skills, experience and qualification

·         Bachelor's degree in Business Administration, Supply Chain Management, or a related field.

·         5years of experience in procurement, purchasing, or supply chain management roles.

·         Experience in FMCG/Printing/ Suppliers or Packing materials procurement is preferred.

·         Proficiency in procurement software and ERP systems for purchase order management and supplier relationship management.

·         Strong negotiation skills and knowledge of procurement best practices.

·         Excellent analytical and problem-solving skills for assessing supplier capabilities, evaluating bids, and making procurement decisions.

·         Ability to analyze data and financial information to support procurement planning and decision-making.

·         Strong written and verbal communication skills for interacting with internal stakeholders, suppliers, and vendors.

·         Ability to communicate effectively across different levels of the organization and with external partners.

·         Excellent organizational and time management skills to manage multiple procurement projects and deadlines simultaneously.

·         Attention to detail and accuracy in procurement documentation and record-keeping.

·         Strong negotiation skills and the ability to drive favorable terms and pricing agreements with suppliers and vendors.

·         Experience in contract negotiation and supplier relationship management.

·         Ability to identify procurement challenges, develop creative solutions, and resolve issues effectively.

·         Proactive approach to addressing procurement issues and driving process improvements.