Procurement Specialist

Responsibilities:

Sourcing and Vendor Management:

Identify and evaluate potential suppliers/vendors based on quality, cost, delivery, and reliability criteria.

Negotiate pricing, terms, and contracts with suppliers to secure favorable agreements and optimize procurement costs.

Maintain relationships with existing suppliers and assess their performance regularly to ensure compliance with service level agreements.

Purchase Order Processing:

Generate purchase orders in SAP system based on requisitions, ensuring accuracy and completeness of order details.

Coordinate with internal stakeholders, such as department heads and project managers, to understand procurement needs and timelines.

Monitor purchase orders through the procurement lifecycle, from creation to receipt of goods/services, resolving any issues or discrepancies as they arise.

Inventory Control and Management:

Maintain accurate inventory records in SAP, including stock levels, movement, and replenishment schedules.

Implement inventory optimization strategies to minimize excess inventory and stockouts while maximizing inventory turnover.

Conduct periodic inventory audits to reconcile physical inventory with system records and address any discrepancies.

SAP System Administration:

Serve as the primary point of contact for SAP procurement modules, providing user support, training, and troubleshooting assistance as needed.

Collaborate with IT and SAP support teams to implement system enhancements, updates, and configurations to meet evolving business requirements.

Ensure compliance with SAP best practices, security protocols, and data integrity standards within the procurement function.

Process Improvement and Optimization:

Analyze procurement processes and workflows to identify opportunities for efficiency gains and cost savings.

Implement continuous improvement initiatives, such as standardization of procurement procedures and automation of manual tasks, to streamline operations.

Track key performance indicators (KPIs) related to procurement performance, such as procurement cycle time, cost savings, and supplier performance metrics.

Qualifications:

Bachelor's degree in Supply Chain Management, Business Administration, or related field.

Minimum 4 years of experience in procurement or purchasing roles, with a focus on SAP procurement modules (e.g., SAP MM, SAP SRM).

Proficiency in SAP software, particularly in procurement-related modules, with the ability to navigate and utilize system functionalities effectively.

Strong negotiation skills and vendor management capabilities, with a track record of achieving cost savings and favorable contract terms.

Excellent analytical skills and attention to detail, with the ability to interpret data and generate insights to drive decision-making.

Effective communication and interpersonal skills, with the ability to collaborate cross-functionally and interact with stakeholders at all levels of the organization.