Procurement & Vendor Management Coordinator
3 weeks ago
Procurement & Vendor Management Coordinator New York, NY
An innovative R&D and design startup is seeking a highly motivated self-starter procurement coordinator to support R&D and wider business functions. This hands-on person is a key member of the team and will play a critical role in ensuring the efficient procurement of goods and services essential for operations. This person will be responsible for overseeing the procurement process, managing vendor relationships, negotiating contracts, and optimizing procurement strategies to maximize value for the company. The ideal candidate will offer 5+ years of work experience excelling in high-growth, fast-paced professional environments, along with strong communication skills, extraordinarily high level of focus on work quality and attention to detail, adaptability, and an ability to work self-directed and independently.
Responsibilities include but are not limited to the following:
Develop and implement procurement strategies aligned with company objectives to optimize costs, quality, and supplier relationships.
Identify and source reliable suppliers, conduct vendor evaluations, and negotiate contracts to
secure favorable terms and pricing.
Collaborate with internal stakeholders to understand their procurement needs and requirements
and provide guidance and support in selecting appropriate suppliers.
Evaluate supplier performance regularly, address any issues or concerns, and implement corrective actions as necessary to ensure compliance with contract terms and quality standards.
Monitor market trends, industry developments, and regulatory changes affecting procurement
practices, and adjust strategies accordingly to mitigate risks and capitalize on opportunities.
Oversee the procurement process from requisition to delivery, ensuring timely and accurate
fulfillment of orders while adhering to budgetary constraints.
Maintain accurate records of procurement activities, including contracts, purchase orders, and
vendor agreements, and generate reports to track key performance indicators and expenditures.
Drive continuous improvement initiatives to streamline procurement processes, enhance
efficiency, and optimize inventory management practices.
Ensure compliance with company policies, procedures, and regulatory requirements governing
procurement activities.
Qualifications & competencies:
Bachelor's degree in business administration, supply chain management, or a related field.
Advanced degree or professional certification (e.g., CSCP, CPSM) is a plus.
Proven experience as a procurement coordinator or in a similar procurement role, preferably in the R&D and design industries.
Strong negotiation skills with the ability to build and maintain effective relationships with suppliers.
Excellent analytical and problem-solving abilities, with a keen attention to detail.
A high level of proficiency in NetSuite Is a must.
Proficiency in MS Office applications.
Solid understanding of supply chain management principles and best practices.
Excellent communication and interpersonal skills, with the ability to collaborate effectively across departments and levels of the organization.
Strong leadership qualities with a demonstrated ability to motivate and inspire teams to achieve
common goals.
Sound judgment and decision-making skills, with the ability to prioritize tasks and manage
competing priorities in a fast-paced environment.
Compensation: $60-100K DOE plus outstanding benefits package and perks
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