Procurement Manager

Role Overview: As a Procurement Specialist, your main role will involve various aspects of sourcing, supplier management, procurement operations, and strategic procurement to ensure efficient and cost-effective procurement processes. You will be responsible for identifying suppliers, negotiating contracts, managing supplier relationships, processing purchase orders, monitoring stock levels, and implementing procurement strategies. Key Responsibilities: - Identifying and evaluating suppliers by researching potential options, collecting quotes, and assessing their quality, price, reliability, and delivery times. - Negotiating contracts and pricing to secure favorable terms with suppliers while aiming for the best value for the organization. - Building and maintaining positive supplier relationships to ensure smooth operations and long-term stability in the supply chain. - Managing contract drafting, reviewing, and compliance to meet legal and organizational requirements. - Monitoring supplier performance against agreed-upon metrics and taking corrective actions when necessary. - Processing purchase orders and managing them for the procurement of goods and services. - Monitoring stock levels, managing inventory, and ensuring an adequate supply to meet demand. - Identifying cost-saving opportunities through strategic purchasing, bulk orders, or alternative sourcing methods. - Maintaining accurate records of all procurement activities, including purchase requests, quotes, contracts, and invoices. - Ensuring compliance with relevant laws, regulations, and organizational policies in all procurement activities. - Conducting market research and analysis to stay informed about market trends, pricing fluctuations, and new products/services. - Developing and implementing procurement strategies to optimize processes and achieve cost savings. - Collaborating with various departments to align procurement activities with overall business objectives. - Identifying and mitigating risks associated with procurement processes such as supply chain disruptions or quality issues. Qualifications Required: - Bachelor's degree in Business Administration, Supply Chain Management, or related field. - Proven experience working in procurement, sourcing, or supplier management roles. - Strong negotiation skills and the ability to build and maintain positive supplier relationships. - Proficiency in contract drafting, reviewing, and compliance. - Excellent organizational and time management skills. - Knowledge of relevant laws, regulations, and organizational policies related to procurement activities. (Note: The additional details about the company were not provided in the job description.),