✨ AI Summary
The Procurement Specialist is responsible for sourcing and procuring goods and services, managing vendors, negotiating contracts, and ensuring efficient procurement processes. Key responsibilities include reviewing contracts, preparing payment reports, following up on purchase orders, monitoring project deadlines, analyzing costs, and maintaining strong vendor relationships. The role requires data entry within an ERP system, staying updated on procurement technologies including AI, and maintaining organized procurement data. A comprehensive understanding of the business cycle, including revenue recognition, cost control, cash flow management, letters of credit, and bank guarantees, is necessary.
Requirements
Bachelor's Degree of Supply Chain , Logistics , Industrial Engineering , Communication Engineering Min 2 Years of experienceMicrosoft Excell Business English AI GenStrong understanding of procurement processes and supplier management.Excellent negotiation and communication skills. Proficiency in procurement systems (e.g., SAP, Oracle).
Description
The Procurement Specialist is responsible for handling the sourcing and procurement of goods and services, ensuring that purchasing activities meet business needs and comply with company policies. This role is involve vendor management, contract negotiations, and ensuring the efficient execution of procurement processes to support the organization’s operational goals• Review contracts and agreements received from clients before placing purchase orders with suppliers to ensure proper terms are prepared.• Prepare and maintain accurate payment reports on a weekly basis to track cash flow and expenditures.• Conduct daily follow-ups on open purchase orders to ensure timely processing and resolve procurement delays.• Monitor project deadlines and proactively address delays to maintain schedules and operational efficiency.• Analyze and review project costs to ensure expenditures remain within approved budget limits.• Communicate effectively with vendors to build strong, reliable relationships and secure favorable terms.• Perform data entry for purchase orders and item identification within the ERP system to ensure accuracy and compliance with procurement policies.• Stay updated on procurement processes, workflows, and advancements in tools, including AI-driven procurement solutions.• Utilize advanced online sourcing and searching skills to quickly access critical information and identify reliable suppliers.• Maintain a solid understanding of technologies relevant to procurement and their latest developments.• Ensure proper organization and archiving of procurement data for efficient retrieval and management.• Possess a comprehensive understanding of the business cycle, including revenue recognition, cost control, cash flow management, letters of credit, and bank guarantees. • Perform other assigned duties as required.