Procurement Specialist

Title:

Procurement Specialist

Roles & Responsibilities:

• Responsible for procurement of materials and services as per procurement guidance i.e. processing requisitions, placing purchase orders (POs), following up on PO responses with suppliers
• Performing bid evaluations and negotiating the best price with the supplier as well as ensuring timely delivery of the ordered materials and their compliance with the company’s quality plan.
• Perform cost-benefit analysis and benchmarking (including but not limited to prices, quality lead time), before making procurement decisions, to determine the most cost-effective options.
• Maintain proper records of all procurement transactions.
• Support budget holders and contract accountable managers with invoice verification.
• Closely work and support Category team(s) with the evaluation of reliability, materials quality and pricing as well as negotiation with potential suppliers.
• Proactively recommend and implement improvements to the existing P2P process and tools/ systems to improve efficiency and maximize automation.
• Ability to optimize sourcing, transportation, and distribution of materials.
• Collaborating with engineering and technical teams to define procurement requirements.
• Assessing risks related to procurement decisions (e.g., supply chain disruptions, geopolitical factors).
• Implementing risk mitigation strategies.
• Proficiency in using procurement software, data analytics tools, and automation platforms.
• Leveraging data to make informed decisions and improve efficiency.

Educational background and Experience:

• BS/MS in Finance/ Economics/ Business Administration/ Supply Chain
• At least 2 years of relevant work experience
• Experience in Logistics and Materials Management is a plus

Skills and Behaviors:

• Understanding of supply chain principles, logistics, and inventory management.
• Ability to resolve disputes between suppliers, end-users and other stakeholders
• Strong analytical and problem-solving skills
• Mentally agile and ability to multi-task and manage tight deadlines
• Proven negotiating ability with high emotional intelligence and interpersonal skills
• Demonstrated business partnering skills with the ability to influence the organization
• Adaptability and agility to learn and contribute
• Good communication and presentation skill