Procurement Specialist

The Procurement Specialist is responsible for managing the organization's procurement processes, ensuring the purchase of goods and services at competitive prices while maintaining quality standards. The role involves working with internal stakeholders, vendors, and suppliers to negotiate contracts, manage supply chains, and ensure the timely and cost-effective delivery of products and services.

Responsibilities:

• Identify and assess the organization’s procurement needs in line with project goals.
• Negotiate contracts and agreements with vendors and suppliers to ensure competitive pricing and favorable terms.
• Develop and maintain relationships with suppliers to ensure continuous supply of quality goods/services.
• Conduct market research to identify new suppliers, products, and cost-saving opportunities.
• Ensure compliance with procurement policies, procedures and regulations.
• Demonstrates familiarity with standard procurement processes and compliance with procurement bidding rules.
• Prepare and maintain purchase orders and procurement documentation.
• Coordinate the timely delivery of goods/services, managing timelines and addressing supply chain issues.
• Collaborate with internal departments (finance, logistics, production) to align procurement strategies with overall business goals.
• Maintain and report on procurement performance metrics, including cost savings, vendor performance and procurement cycle times.
• Resolve any procurement-related disputes or issues promptly.
• Track and manage procurement budgets, ensuring cost efficiency and proper financial control.
• Support audits and regulatory compliance regarding procurement practices.

Qualifications:

• Bachelor’s degree in Business Administration, Supply Chain Management, Procurement, or a related field.
• Minimum 5 years of experience in procurement or supply chain management (preferably in automotive industry).
• Strong knowledge of procurement processes, contract management, and supplier negotiations.
• Proficiency in procurement software and Microsoft Office Suite (Excel, Word, etc.).
• Excellent communication, negotiation, and interpersonal skills.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• Detail-oriented with strong problem-solving and decision-making skills.
• Knowledge of local and international procurement regulations and compliance standards is a plus.