Procurement Officer

Responsibilities:

• Source Suppliers: Research potential suppliers, vendors, and subcontractors to identify those that meet the company's requirements for quality, cost, and reliability.
• Evaluate supplier capabilities, including financial stability, production capacity, and adherence to industry standards and regulations.
• Negotiate Contracts: - Negotiate favorable terms and conditions with suppliers, including pricing, delivery schedules, payment terms, and quality standards.
• Draft and review contracts, purchase orders, and other procurement-related documents to ensure accuracy and compliance with company policies and legal requirements.
• Manage Supplier Relationships: Build and maintain strong relationships with suppliers through regular communication, site visits, and performance evaluations.
• Resolve supplier issues and disputes in a timely and professional manner to ensure continuity of supply and minimize disruptions to operations.
• Coordinate Procurement Process: Collaborate with internal stakeholders, including department heads and project managers, to understand their procurement needs and requirements.
• Develop and implement procurement plans and strategies to meet the company's short-term and long-term procurement objectives.
• Monitor Procurement Activities: Monitor procurement activities and expenditures to ensure compliance with budgetary constraints and procurement policies.
• Track and report key procurement metrics, such as cost savings, supplier performance, and delivery performance, to management on a regular basis.
• Ensure Compliance: Ensure compliance with company policies, procedures, and regulatory requirements throughout the procurement process.
• Stay abreast of industry trends, market conditions, and best practices in procurement to identify opportunities for process improvement and cost savings.

Requirements:

• Bachelor's degree in Mechanical Engineering or related field
• Proven experience as a procurement officer, purchasing agent, or similar role.
• Strong negotiation skills and the ability to build and maintain effective relationships with suppliers.
• Excellent communication, interpersonal, and problem-solving skills.
• Proficiency in Microsoft Office Suite and procurement software.
• Knowledge of procurement best practices, contract law, and relevant regulations.
• Attention to detail and the ability to work well under pressure in a fast-paced environment.