Overview:
The Purchasing Specialist is responsible for managing the procurement process to ensure the timely acquisition of goods and services necessary for the organization's operations. This role involves sourcing suppliers, negotiating contracts, and maintaining relationships to achieve cost-effective purchasing outcomes.
Responsibilities:
Sourcing and Vendor Management:
- Identify potential suppliers through research and networking.
- Evaluate suppliers based on factors such as price, quality, delivery time, and reliability.
- Negotiate contracts, terms, and pricing with vendors to secure favorable agreements.
- Maintain relationships with suppliers to ensure consistent quality and service.
Procurement Process Management:
- Coordinate purchasing activities across departments to meet operational needs.
- Develop and implement procurement strategies to optimize cost savings and efficiency.
- Monitor inventory levels and reorder points to prevent stockouts and minimize excess inventory.
- Track and report key performance indicators related to procurement activities.
Compliance and Documentation:
- Ensure compliance with company policies, industry regulations, and legal requirements.
- Maintain accurate records of purchasing transactions, contracts, and supplier information.
- Review and approve purchase orders, invoices, and other procurement documents.
- Conduct periodic audits to verify adherence to procurement policies and procedures.
Continuous Improvement:
- Identify opportunities for process improvements and cost savings in the procurement process.
- Implement best practices and innovative solutions to enhance efficiency and effectiveness.
- Stay informed about market trends, industry developments, and new procurement technologies.
Qualifications:
- Bachelor's degree in business administration, supply chain management, or related field.
- Proven 3-5 years’ experience in procurement, purchasing.
- Strong negotiation skills and ability to build rapport with suppliers.
- Excellent analytical and problem-solving abilities.
- Proficiency in using procurement software and Microsoft Office suite.
- Knowledge of procurement regulations, contract law, and ethical standards.
- Attention to detail and ability to manage multiple tasks simultaneously.
- Effective communication and interpersonal skills.
Job Type: Full-time
Pay: $55,000.00 - $60,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Schedule:
Work Location: In person