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Procurement Specialist
2 months ago
We are seeking a Buyer to optimize our clients procurement operations. This role involves analyzing current buying systems, implementing efficient purchasing strategies, and managing vendor relationships to enhance cost-effectiveness and align with HQs strategy.
Essential Duties and Responsibilities:
- Develop annual sourcing plans with quarterly reviews and define sourcing strategies.
- Prepare RFQs based on technical specifications and manage the supplier bidder list.
- Lead negotiations to secure optimal terms and select suppliers.
- Ensure timely issuance of PRs/POs in collaboration with stakeholders.
- Track metrics to reduce costs and improve operational efficiency.
- Collaborate with stakeholders to define clear requirements and annual sourcing plans.
- Review purchase orders and contracts for compliance.
- Maintain accurate records of vendor interactions and pricing histories.
- Coordinate RFI, RFQ, and RFP processes with Legal and issuing departments.
- Conduct market research and oversee short- and long-term procurement planning.
- Collaborate cross-functionally to meet procurement needs efficiently.
- Perform cost analysis, benchmarking, and identify cost-saving opportunities.
- Manage vendor relationships and ensure compliance with SOX regulations.
- Conduct supplier mapping and risk management activities.
- Establish vendor performance metrics and conduct continuous monitoring.
- Investigate invoice anomalies and ensure accuracy in the invoicing process.
- Provide monthly reports to HQ on projects, sourcing plans, and cost savings.
- Present at Sourcing Table Committee meetings as required for internal validation.
Qualification Requirements:
- Education: Bachelor’s degree in business administration, Supply Chain, or related field.
- Experience: Minimum 5 years in purchasing across different spend categories, with proven supplier management experience.
- Skills: Proficiency in MS Excel and Word; strong analytical and negotiation skills; ability to manage multiple projects and meet deadlines in a fast-paced environment; effective communication skills; detail-oriented with strong work ethic and integrity.