Procurement Analyst

Job Title

Job Location:

Roles and Responsibilities Procurement

Procurement professionals manage the sourcing, purchasing, and contract negotiation processes to ensure timely and cost-effective acquisition of goods and services.

Sourcing & Vendor Management

• Identify and evaluate suppliers/vendors.
  
• Develop and maintain strategic relationships with key suppliers.
  
• Conduct supplier audits and performance reviews.
  

Purchase Order & Contract Management

• Raise and process purchase orders (POs).
  
• Draft, negotiate, and manage procurement contracts.
  
• Ensure compliance with legal, financial, and operational standards.
  

Cost & Spend Management

• Analyze spending patterns and implement cost-reduction strategies.
  
• Negotiate pricing, terms, and service levels to obtain the best value.
  
• Budget planning and adherence.
  

Inventory & Supply Chain Coordination

• Collaborate with warehouse, logistics, and inventory teams.
  
• Maintain optimal stock levels to avoid overstocking or stockouts.
  
• Monitor delivery timelines and ensure timely supply.
  

Risk & Compliance Monitoring

• Ensure vendor compliance with quality and safety standards.
  
• Mitigate procurement-related risks (e.g., supply disruptions, price volatility).
  
• Follow internal controls and procurement policies.
  

Procurement Reporting & Analysis

• Maintain procurement records and prepare reports on KPIs (cost savings, supplier performance, etc.).
  
• Use analytics tools to support decision-making.