Procurement Officer

Strategic Sourcing

Develop and implement procurement strategies that align with company goals and objectives Identify cost-saving opportunities and lead negotiations with suppliers to secure favorable terms and pricing

Supplier Management

Manage supplier relationships including supplier selection evaluation and performance tracking Collaborate with suppliers to improve quality delivery and cost performance

Vendor Selection and Evaluation

Identify potential suppliers and conduct due diligence to assess their capabilities and compliance with quality and ethical standards Regularly evaluate vendor performance and initiate corrective actions when necessary

Contract Negotiation and Management

Negotiate contracts terms and conditions with suppliers to secure advantageous agreements Ensure compliance with contract terms and monitor contract expiration and renewal dates

Cost Control and Budgeting

Monitor and control procurement budgets to optimize spending and reduce costs Analyze and report on cost variances and take corrective actions as needed

Inventory Management

Collaborate with inventory and warehouse teams to maintain optimal inventory levels Implement inventory control measures to minimize excess stock and stockouts

Quality Assurance

Ensure that procured goods and services meet quality and regulatory standards Address quality issues and implement continuous improvement measures

Supplier Diversity and Sustainability

Promote supplier diversity and sustainability initiatives such as sourcing from local or eco-friendly suppliers Support responsible sourcing practices

Market Analysis and Risk Management

Stay informed about market trends pricing and supply chain risks Develop and execute risk mitigation strategies to minimize disruptions

Cross-Functional Collaboration

Collaborate with other departments such as finance production and logistics to ensure alignment and efficient procurement processes Address and resolve procurement-related issues

Reporting and Documentation

Maintain accurate records and documentation of procurement activities Prepare regular reports on procurement performance and cost savings

Qualifications

• Bachelor's degree in supply chain management, business, or a related field (Master's degree preferred).
• experience in procurement, sourcing, or supply chain management, with a focus on the FMCG industry is an advantage.
• A minimum of 1 -3 years of experience in the same capacity
• Strong negotiation and contract management skills.
• Proficiency in procurement software and ERP systems.
• Excellent analytical and problem-solving abilities.
• Strong communication and interpersonal skills.
• Familiarity with ethical and sustainable sourcing practices.

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