Procurement Specialist

Essential Duties and Responsibilities:
The Procurement Specialist will be responsible for overseeing the procurement process from sourcing to delivery, ensuring timely and cost-effective acquisition of goods and services for our projects. This role requires strong analytical skills, attention to detail, and the ability to collaborate effectively with vendors and internal stakeholders.

• Develop and implement procurement strategies to support project requirements and company objectives.
• Source and select suppliers/vendors based on quality, price, and delivery capabilities.
• Negotiate contracts, terms, and pricing with suppliers to achieve cost savings and favourable terms.
• Review and approve purchase requisitions, ensuring accuracy and compliance with company policies and procedures.
• Monitor and track procurement activities, including order placement, delivery schedules, and inventory levels.
• Collaborate with project managers and stakeholders to understand procurement needs and prioritize purchases accordingly.
• Evaluate supplier performance and address any issues or discrepancies in a timely manner.
• Stay informed about industry trends, market conditions, and new products to make informed procurement decisions.
• Maintain accurate records of procurement transactions, contracts, and vendor relationships.
• Track and manage procurement budgets to ensure cost-effectiveness and adherence to financial guidelines.
• Identify opportunities to streamline procurement processes and improve efficiency.
• Provide guidance and mentorship to junior procurement staff, fostering their professional development and growth

Education and/or Work Experience Requirements:

• Bachelor's degree in Business Administration, Supply Chain Management, or related field.
• Minimum of 4-6 years of experience in procurement, purchasing, or supply chain management, preferably in the IT industry
• Proven track record of success in developing and implementing procurement strategies that drive cost savings and efficiency improvements
• Ability to work independently and prioritize tasks effectively in a fast-paced environment.
• Strong communication skills, both written and verbal, negotiation skills and the ability to build and maintain relationships with suppliers
• Knowledge of procurement best practices and regulations.