Procurement specialist Job Description
Procurement specialist Job Description Template
A Procurement Specialist oversees purchasing activities, negotiates with suppliers, evaluates contracts, and ensures cost-effective acquisition of goods and services. Key tasks include market research, risk management, and supplier relationship management.
Responsibilities:
- Developing procurement strategies that are innovative, cost-effective, and efficient
- Identifying potential suppliers and evaluating their products and services
- Negotiating contracts and agreements with suppliers and vendors
- Managing procurement processes and ensuring compliance with policies and regulations
- Collaborating with other departments to understand their procurement needs and requirements
- Monitoring inventory levels and forecasting future demand to ensure adequate supply
- Providing regular reports and analysis on procurement activities and spending
- Staying up-to-date with market trends and industry developments to inform procurement decisions
Requirements:
- Minimum of 3 years of experience in procurement or a related field
- Strong negotiation skills with the ability to obtain the best value for the organization
- Proficient in Microsoft Office Suite, particularly Excel, for data analysis and reporting
- Knowledgeable in procurement regulations and policies, including ethical procurement practices
- Excellent communication skills, both verbal and written, for effective collaboration with suppliers and internal stakeholders
- Ability to work independently and manage multiple procurement projects simultaneously
- Detail-oriented with strong organizational and time management skills
- Bachelor's degree in business administration, supply chain management, or a related field preferred
