Supplier Identification: Identify potential suppliers through market research and evaluation, considering factors such as cost, quality, reliability, and delivery capabilities.
Negotiation: Conduct negotiations with suppliers to secure favorable terms, pricing, and contracts while ensuring alignment with organizational goals.
Supplier Management: Develop and maintain strong relationships with key suppliers, monitor their performance, and implement strategies to address any issues or improvements.
Cost Analysis: Analyze supplier proposals, pricing structures, and total cost of ownership to make informed sourcing decisions that optimize cost efficiency.
Market Research: Stay updated on industry trends, market conditions, and emerging technologies to make informed sourcing recommendations.
Sourcing Strategy: Collaborate with cross-functional teams to develop and implement sourcing strategies that align with organizational objectives.
Contract Management: Review, negotiate, and manage supplier contracts, ensuring compliance with legal and regulatory requirements.
Quality Assurance: Work with suppliers to ensure products or services meet established quality standards and specifications.
Risk Assessment: Identify potential risks in the supply chain and develop risk mitigation plans to ensure continuity of supply.
Cost Reduction: Continuously seek opportunities to reduce costs through negotiation, process improvement, and supplier optimization.

Bachelor's degree in Business, Supply Chain Management, or a related field; relevant certifications are a plus.
Proven experience in procurement, sourcing, or supply chain management.
Strong negotiation and communication skills.
Proficiency in market research and analysis.
Familiarity with contract management and legal aspects of procurement.

Procurement Specialist

Job Description