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Procurement Specialist
2 months ago
Position Summary:
Under the supervision of the Branch Manager, the Procurement Specialist plays a crucial role in enhancing sourcing operations to reduce expenses and boost profitability. This position involves negotiating with vendors to secure goods, materials, and services at optimal prices by employing strategic sourcing techniques and comprehensive market knowledge. The Procurement Specialist is responsible for sourcing competitive quotes for both potential and current PENCOM clients.
Key Responsibilities:
- Identifying and engaging suppliers worldwide while fostering enduring partnerships with both new and existing vendors.
- Implementing strategies for inventory optimization within the organization.
- Acquiring quotes from a diverse global sourcing landscape.
- Leading initiatives aimed at reducing supplier costs and driving continuous improvement.
- Negotiating terms including pricing, quantities, and delivery timelines with suppliers.
- Collaborating with senior management and/or legal advisors to ensure all procurement contracts encompass all negotiated terms.
- Evaluating quotes and preparing a comprehensive analysis of cost breakdowns.
- Creating quote comparisons and total cost assessments, contributing to the internal supplier selection process.
- Offering solutions to enhance organizational spending and outsourcing strategies.
- Partnering with sales teams to formulate strategies that align with corporate objectives.
- Locating sources and samples as requested by the sales department.
- Responsibilities and tasks may evolve at any time with or without prior notice from management.
Required Skills and Knowledge:
- Demonstrated experience in procurement processes.
- A solid understanding of sourcing methodologies.
- Exceptional negotiation and communication skills, both written and verbal.
- Strong organizational and time-management abilities are essential.
- Proficiency in Microsoft Office Suite (Word, PowerPoint, Excel, and Outlook).
Qualifications:
- A Bachelor’s degree or equivalent experience in Administration, Logistics, Supply Chain Management, or a related field.
Benefits Offered:
- Competitive salary structure.
- A dynamic, flexible, and casual work atmosphere with a supportive team.
- Paid holidays.
- Comprehensive benefits package including Medical, Dental, Vision, Flexible Spending Account, 401k/Profit Sharing, Life insurance, and Pet insurance (Eligibility begins the first of the month following a full 30 days of employment).
