Purchasing Specialist

Objective Contribution:

Managing day to day and capital projects purchases; managing contracts including administering, negotiating, reviewing, renewing, filing, and evaluating for availability, price, term, and quality of products. Ensuring compliance with procurement conflict of interest policies and regulations.

Principal Responsibilities & Authorities:

• Assist in managing daily and capital project purchases.
• Support contract management, including negotiating, reviewing, renewing, filing, and evaluating for availability, price, term, and quality of products.
• Ensure compliance with procurement conflict of interest policies and regulations.
• Monitor supplier on-time delivery rates, cost savings, and supplier item escape rates.
• Contribute to the development and execution of purchasing strategies.
• Help identify, evaluate, and select suppliers based on quality, reliability, cost-effectiveness, and adherence to ethical and sustainability standards.
• Support contract negotiations with suppliers to secure favorable pricing, payment terms, and mutually beneficial agreements.
• Collaborate with internal stakeholders to understand requirements and align purchase activities with organizational goals.
• Assist in processing and reviewing purchase orders.
• Aid in forecasting price and market trends to identify changes in buyer-supplier power.
• Track and report key functional metrics to reduce expenses and improve effectiveness.
• Support supplier performance management and assist in improving their performance through scorecards, escalation processes, rewards, and penalties.
• Ensure compliance with applicable laws and regulations.
• Manage supplier risks related to financial, legal, administrative, or operational aspects.
• Assist in managing the internal control aspects of the purchasing function.

Skills & Qualification:

• Bachelors degree in Engineering, Supply Chain Management, Logistics, or Business Administration preferred.
• Strong skills in budgeting, cost optimization, and negotiation techniques.
• Knowledge of vendor management and inventory management systems.
• Analytical mind with excellent communication and interpersonal skills.
• Ability to work collaboratively with cross-functional teams.
• Detail-oriented with strong organizational and time management abilities.