Procurement Specialist

Falcons International Group of Companies

Jobseekers from any country are welcome to apply.

Key Roles & Responsibilities:

1. Supplier Management:
- Identify, evaluate, and select suppliers based on quality, cost, and delivery capabilities.
- Negotiate prices, contracts, and terms with suppliers.
- Establish and maintain strong relationships with existing and potential suppliers.
- Monitor supplier performance and resolve any issues related to delivery, quality, or service.

2. Procurement Planning and Strategy:
- Develop procurement strategies aligned with the company's goals and budget.
- Collaborate with various departments to understand their procurement needs.
- Forecast and plan material and product needs to avoid shortages or excess inventory.
- Manage purchase orders and ensure the timely delivery of materials and goods.

3. Market Research and Sourcing:
- Conduct market research to find competitive pricing and alternative suppliers.
- Stay updated on industry trends, market conditions, and new products/services.
- Identify cost-saving opportunities without compromising on quality or service.

4. Inventory and Budget Management:
- Monitor and maintain inventory levels to avoid stockouts or overstocking.
- Ensure adherence to budget constraints and track procurement spending.
- Assist in managing and tracking financial aspects of procurement, including cost analysis and reporting.

5. Contract Management:
- Review and manage contracts to ensure compliance with terms and conditions.
- Work with legal or other relevant departments to ensure contracts are valid and enforceable.
- Keep track of contract renewal dates and ensure timely renewals or renegotiations.

6. Compliance and Documentation:
- Ensure compliance with relevant laws, regulations, and company policies in the procurement process.
- Maintain accurate records of procurement transactions, contracts, and communications with suppliers.
- Prepare procurement reports and presentations for management.

7. Problem Resolution:
- Address and resolve issues related to product quality, delivery delays, and supplier disputes.
- Work with internal teams to ensure that problems are identified and addressed swiftly.

8. Cross-Departmental Collaboration:
- Work closely with finance, operations, production, and other departments to align procurement activities with overall business objectives.
- Participate in meetings to discuss demand forecasting, production needs, and budget constraints.

Skills and Qualifications:

- Education: Bachelor's degree in Business, Supply Chain Management, Procurement, or a related field.

- Experience: Prior experience in procurement, purchasing, or supply chain management.

- Skills:
- Strong negotiation skills.
- Analytical thinking and problem-solving abilities.
- Proficiency in procurement software and Microsoft Office Suite.
- Excellent communication and interpersonal skills.
- Understanding of contracts and legal aspects of procurement.

Company Industry:

• Consulting
• Management Consulting
• Advisory Services

Department / Functional Area:

• Buying
• Purchase
• Procurement

Keywords:

• Procurement Specialist