Purchase Officer

Job description

Key Responsibilities - Identify, evaluate, and select suppliers based on quality, cost, delivery performance, and reliability. - Obtain and compare quotations from vendors. - Negotiate prices, payment terms, and delivery schedules. - Prepare and process purchase orders in accordance with company procedures. - Monitor inventory levels and coordinate purchasing activities to prevent stock shortages. - Track orders and ensure timely delivery of materials and services. - Resolve issues related to delayed deliveries, quality concerns, or supplier performance. - Maintain procurement records, contracts, and supplier databases. - Develop and maintain strong relationships with suppliers and internal stakeholders. - Ensure compliance with procurement policies, budget requirements, and regulatory standards. - Conduct market research to identify cost-saving opportunities and alternative suppliers. - Prepare procurement reports and analyze purchasing data. Required Skills - Strong negotiation and vendor management skills. - Excellent analytical and problem-solving abilities. - Good communication and interpersonal skills. - Attention to detail and accuracy. - Ability to manage multiple priorities and meet deadlines. - Strong organizational and record-keeping skills. - Financial and commercial awareness. Key Performance Indicators (KPIs) - Cost savings achieved through negotiations. - On-time supplier delivery performance. - Purchase order processing accuracy. - Supplier quality performance. - Inventory availability and stock-out reduction. - Procurement cycle time.