Procurement Specialist - Fort Worth, TX

Duties & Responsibilities

• Creates requests for quotations (RFQ) and organizes competitive biddings from various suppliers to obtain the best quality, delivery, and price for goods and services
• Develops and implements effective procurement strategies to support the company's operations and meet its purchasing needs
• Manages the entire procurement process from identifying the need for goods and services to negotiating contracts and finalizing purchases
• Conducts market research and stays updated on industry trends to identify potential cost-saving opportunities and develop relationships with new suppliers
• Evaluates and selects suppliers based on quality, cost, and delivery time, ensuring the best value for the company
• Negotiates contracts and terms with suppliers to secure favorable pricing and payment terms
• Collaborates with cross-functional teams to understand their purchasing needs and provide guidance on procurement processes and procedures
• Maintains accurate and up-to-date records of all procurement activities, including contracts, purchase orders, and invoices
• Identifies and resolves any issues or discrepancies with suppliers, including delivery delays, quality issues, and pricing discrepancies
• Continuously reviews and improves procurement processes to increase efficiency, reduce costs, and streamline operations
• Stays informed of industry regulations and compliance requirements related to procurement and ensures the company's adherence to them
• Trains and mentors junior procurement team members to ensure their understanding and adherence to procurement policies and procedures
• Represents the company in supplier negotiations and maintains positive and professional relationships with all stakeholders
• Proactively identifies potential risks and develops contingency plans to mitigate them
• Communicates regularly with internal stakeholders and provides updates on procurement activities and any potential issues or delays

Skills & Experience Required

• Completion of an undergraduate degree in technical, business, or similar discipline
• Oracle Purchase to Pay knowledge is desirable
• Minimum of 3-6 years of experience in Supply Chain Management activities/experience
• The capability of understanding technical documentation and standards (machine drawings, material specifications and classifications, etc.) is required
• Certification as a Supply Chain Professional is preferred
• Oracle Fusion knowledge preference