Procurement Specialist
2 months ago
Position Overview:
We are looking for a detail-oriented Procurement Specialist to join our team. As a procurement specialist, you play a pivotal role in optimizing supply chain efficiency, and driving cost savings. By collaborating closely with cross-functional teams, you’ll play a pivotal role in sourcing the best suppliers, negotiating favorable contracts, and ensuring the smooth flow of services, ultimately driving the success of our projects.
As a part of the Procurement Team you will be working alongside the top-notch teams who are driving innovation and developing cutting-edge products with global impact.
The ideal candidate for this role has passion for technology, understanding of procurement processes and outsourcing management, as well as meticulous attention to details and exceptional communication skills.
This role is based in our regional headquarters in Ridgefield Park, NJ. Team works on a hybrid schedule: 3 days in the office, 2 days from home.
Responsibilities:
Develop and implement outsourcing processes such as negotiating price, contract renewals, and cost savings
Identify and evaluate potential vendors and service providers
Manage strong relationships with vendors to ensure competitive pricing and quality
Guide established company onboarding procedures for outsourcing openings and communicate regarding required skill sets and conditions
Act as a key administrator of the procurement system, monitoring and ensuring compliance with all aspects of the terms of a contract
Monitor and evaluate vendor performance
Perform resume and quote pre-screening and resolve pricing and condition conflicts with vendors as required
Arrange interviews and interface with stakeholders to obtain procurement decisions from feedback on interviews and candidate status
Work closely with the legal team to ensure contract execution and review
Maintain documentation and records related to outsourcing activities
Review invoices and timesheets and prepare monthly closing
Perform other outsourcing duties as assigned or needed
Maintain quote comparison with financial simulation and report the data for management’s final vendor selection
Identify and implement cost-saving initiatives to optimize procurement
Maintain comprehensive data of contracts, including key details such as renewal dates, payment terms, and performance metrics
Minimum Requirements:
Bachelor’s degree from an accredited college or university
3+ years of experience in procurement, outsourcing management, and IT service business development-related roles
Proficient with Outlook, Microsoft Office applications – PowerPoint, Word, and Excel for handling cost analysis
Strong time management skills with the ability to manage workload and prioritize tasks
Strong analytical and negotiation skills
Excellent communication and interpersonal skills
Business traveling up to ~10%
Work from the office on a hybrid schedule according to company policy
Must be authorized to work for any employer in the U.S.
Preferred:
Familiar with SAP
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