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.

Desired Candidate Profile

• 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.