Procurement Officer

As a Vendor Management professional, your primary responsibility will be to identify, evaluate, and manage vendors and suppliers in order to meet quality, cost, and delivery requirements. You will play a crucial role in building and maintaining relationships with key vendors while monitoring their performance to ensure compliance with company standards. Additionally, you will be conducting regular supplier evaluations to uphold the quality of services provided. Key Responsibilities: - Coordinate the procurement process by preparing purchase orders, monitoring inventory levels, and ensuring the timely delivery of goods. - Oversee contract negotiations to secure cost-effective and favorable terms for the company. - Collaborate with the legal team to review terms and conditions in vendor contracts. - Analyze and assess the total costs of company purchases to reduce unnecessary expenditures. - Assist in preparing procurement budgets and forecasts based on project and operational needs. - Conduct cost-benefit analysis for different software tools and equipment to determine long-term value. - Ensure all procurement activities comply with internal policies, procedures, and external regulations. - Maintain detailed records of all procurement transactions and supplier agreements. - Prepare and present regular reports on procurement activities, spend, and savings. - Identify potential risks in the supply chain and develop strategies to mitigate these risks. - Engage with stakeholders to understand software and equipment requirements for new projects. Qualification Required: - Education: Bachelors degree in Business Administration, Supply Chain Management, or related field. Certification in procurement or supply chain management (e.g., CIPS, CPSM) is a plus. - Experience: 4+ years of experience in procurement, ideally in IT or software-related purchasing. - Technical Knowledge: Familiarity with software licensing models, cloud services, SaaS procurement, and vendor management best practices is essential for this role.,