Conduct market research to identify potential suppliers and evaluate their offerings
Develop and implement procurement strategies to achieve cost savings
Manage the supplier selection process, including requests for proposals (RFPs) and contract negotiations
Analyze procurement data to monitor spending patterns and identify cost-saving opportunities
Ensure compliance with company policies and government regulations
Collaborate with internal stakeholders to understand their procurement needs and provide appropriate support
Maintain accurate records of purchased products, delivery information, and invoices
Oversee supplier performance and address any issues or discrepancies
Assist in budgeting and forecasting to align procurement activities with financial objectives
Negotiate favorable terms and conditions with suppliers
Prepare procurement reports and presentations for senior management
Identify risks in the supply chain and develop mitigation strategies
Support continuous improvement initiatives within the procurement department
Other duties as assigned.

Bachelor's degree in Business Administration, Supply Chain Management, or related field
Experience using procurement software and tools
Strong analytical and problem-solving skills
Excellent negotiation and communication abilities
Proven track record of achieving cost savings in procurement
Ability to work under pressure and manage multiple priorities
Familiarity with contract law and vendor management practices
Experience with international procurement and global supply chains
Minimum of 3 years of experience in procurement or supply chain management
Proficiency in Microsoft Office Suite, particularly Excel
Strong analytical skills and attention to detail
Excellent written and verbal communication skills
Ability to work collaboratively in a team environment
Knowledge of procurement principles and best practices
Experience with ERP systems and procurement software
Strong organizational and time management skills
Ability to analyze and interpret large sets of data
Understanding of inventory management principles

Procurement Analyst

Key skills