Sr. Procurement Specialist

Job Summary

The Senior Procurement Specialist will be responsible for overseeing the strategic sourcing and procurement of products and services, ensuring that purchases are made at competitive prices and in line with organizational requirements. This senior-level role involves negotiating with vendors and suppliers, maintaining strong relationships, and leading efforts to optimize cost, quality, and efficiency in the procurement process. The Senior Procurement Specialist will work closely with internal teams, including sales, logistics, and finance, to ensure the timely and accurate delivery of goods and services that meet the company's needs. Additionally, this role will focus on forecasting demand, driving cost-saving initiatives, and contributing to continuous improvements in procurement processes.

Key Responsibilities

• Vendor and Supplier Management: Lead negotiations with vendors and distributors to secure favorable pricing and terms that align with business objectives. Build and maintain strong, long-term relationships with key suppliers to ensure a consistent supply of quality products.
• Cost Optimization and Performance Improvement: Collaborate with suppliers, internal sales teams, and management to implement strategies that enhance cost-effectiveness and improve overall procurement performance.
• Demand Forecasting: Utilize market intelligence and historical data to forecast product demand accurately, ensuring stock levels are maintained to meet business needs without excess inventory.
• Cross-Departmental Collaboration: Work closely with the sales, accounting, and logistics teams to streamline procurement processes, ensure the smooth flow of goods, and resolve any supply chain issues.
• Purchase Order Management: Oversee the preparation and approval of purchase orders, ensuring they align with budgetary constraints and organizational needs. Ensure timely procurement and receipt of products as per agreed terms.
• Quotation and Pricing Management: Prepare and revise quotations, ensuring they meet the customer’s requirements and are processed efficiently through the Client Relationship Management (CRM) system.
• Continuous Improvement: Drive initiatives to improve procurement efficiency, product quality, and supplier performance. Identify opportunities for cost savings and process enhancements.
• Achieve Targets: Meet or exceed productivity, cost savings, and profitability goals set by senior management.
  
  

Job Specifications

• Experience: At least 5 years of experience in procurement, with a proven track record of successful negotiations, vendor management, and cost optimization. Experience in the IT sector is highly preferred.
• Education: Bachelor’s degree in Engineering, Business Administration, Supply Chain Management, or a related field from a reputable university.
• Skills:
• Strong leadership and team management skills, with the ability to lead cross-functional teams.
• Excellent communication and negotiation skills.
• Proficiency in procurement software and CRM systems.
• Strong analytical skills, with the ability to analyze data, forecast demand, and make data-driven decisions.
• Attributes:
• High level of professionalism, self-confidence, and time management skills.
• Ability to manage multiple priorities and work under pressure.