Procurement Specialist Job

Responsibilities

• Develop and execute procurement strategies to meet organizational needs and budget constraints.
• Processing POs, Optimize inventory levels to prevent overstocking or shortages and manage efficient reordering.
• Monitor stock usage patterns and proactively anticipate future procurement needs.
• Collaborate with logistics and warehousing teams to ensure smooth receipt, storage, and distribution of materials.
• Continuously seek cost reduction opportunities and improve procurement processes.
• Track expenditures, monitor budgets, and ensure procurement activities remain within financial parameters.
• Conduct cost-benefit analyses to assess the feasibility of small to medium-scale purchases or long-term contracts.
• Serve as the gatekeeper for vendor data, managing processes such as order confirmations, on-time delivery tracking, and non-conformance reporting.
• Co-Lead supplier relationship management (SRM), measure performance, and drive value creation.
• Conduct market research to identify and evaluate reliable suppliers.
• Sources goods and services to ensure the best combination of quality, cost, and delivery performance.
• Help to maintain a robust supplier base to ensure consistent availability of required goods.
• Enhance procurement diversity by establishing relationships with diverse suppliers.
• Utilize procurement software and ERP systems (e.g., SAP, Oracle) to manage activities and maintain accurate records.
• Leverage data analytics to assess supplier performance, track trends, and optimize procurement strategies.
• Implement tools and help to manage supplier KPIs to enhance procurement efficiency.
• Oversee procurement processes, including purchase requisitions, purchase orders, and activity tracking.
• Resolve operational issues such as billing discrepancies, freight adjustments, and insufficient data.
• Recommend and implement process improvements to streamline workflows and achieve savings.
• Support complex RFPs, analyze spend data and market trends, and support strategic decision-making.
• Support category managers by acting as a secondary liaison between procurement strategy and business stakeholders.
• Educate teams on procurement strategies, tools, and solutions to ensure alignment and performance.
• Regularly engage with internal customers to drive satisfaction, continuous improvement, and alignment.
• Provide updates to senior management, influencing decision-making and procurement policies.
• Support and co-implement global supply chain strategies for assigned categories, driving significant financial benefits.
• Support supplier reviews, scorecards, sustainability projects, and supplier innovation initiatives.
• Collaborate with internal stakeholders, including IT, product development, HR, legal, and operations teams, to achieve organizational goals.

Qualifications

• Bachelor’s degree in Supply Chain, Procurement, Engineering, Science, Business, or related fields (equivalent experience considered).
• Understanding of CPSM and Six Sigma are a plus.
• Experience with AI is a strong plus.
• 4–6 years of procurement experience, including supplier negotiations, contract management, and category strategy development.
• Proficient in Microsoft Office, especially Excel, and ERP systems (i.e. Netsuite).
• Financial acumen and experience with supplier relationship management.
• Ability to travel domestically and internationally (10–15%).