Megamind IT Solutions

Procurement Specialist

Job Description:

Procurement Specialist responsibilities include researching new suppliers, ensuring that all purchased products and materials meet our specifications, and negotiating with vendors as needed. Ultimately, you will work with leaders in our organization to understand the needs of our organization and ensure we achieve our supply goals in a timely manner.

DUTIES & RESPONSIBILITIES:

  • Prepare proposals, request quotes and negotiate purchase terms and conditions.
  • Prepare and issue purchase orders and agreements.
  • Monitor supplier performance and resolve issues and concerns.
  • Inspect and evaluate the quality of purchased items and resolve shortcomings.
  • Analyze industry and demand trends and support senior management with the development and implementation of sourcing strategies.
  • Develop viable, cost-effective and strategic procurement strategies.
  • Communicate the value of strategic sourcing and procurement to key stakeholders.
  • Develop and maintain relationships with stakeholders.
  • Work with key procurement software and systems.
  • Evaluate existing procurement policies and procedures and update accordingly.
  • Evaluate and select chosen suppliers using a set criteria such as quality, price, delivery and sustainability.
  • Attend trade shows, interview vendors and visit supply plants/distribution centres.
  • Manage contracts, including settling disputes and ensuring that a supplier meets expectations.
  • Negotiating various contracts with vendors on quality, price and delivery.
  • Analyse and complete financial reports and pricing proposals.
  • Keep track of all goods and services ordered and received with a comprehensive inventory.
  • Ensure responsible procurement practises are being met and comply with company objectives.
  • Creation of purchase orders.
  • Calculate all order costs and evaluate invoices for accuracy.
  • Prepare and update reports, records and pricing lists.
  • Work with other teams for cross-departmental work.

QUALIFICATIONS:

  • Proven work experience as a Procurement Specialist or similar role.
  • Good working knowledge of purchasing strategies.
  • Excellent communication, interpersonal and negotiation skills.
  • Strong analytical thinking and problem-solving skills.
  • Proficiency in Microsoft Office and with business application software, purchasing and resource planning systems.
  • A bachelor’s degree in business administration, supply chain management or a similar field preferred.

SKILLS:

  • Great relationship management.
  • Strong negotiation skills.
  • Impeccable time-management.
  • Strategic thinking.
  • Ability to adapt to change.
  • Understanding of risk management.
  • Understanding of and ability to enhance sustainability.
  • Understanding of the global market.
  • Be familiar with the technology and systems.
  • Good financial understanding.
  • Ability to collaborate effectively.
  • Ability to analyse key performance indicators (KPIs).