Buyer, Procurement Specialist
A procurement buyer is responsible for sourcing, negotiating, and purchasing goods and services to meet a company's operational needs. Key duties include evaluating vendors, negotiating contracts and prices, managing supplier relationships, and ensuring purchases meet quality standards while staying within budget. Buyers also maintain inventory levels, analyze market trends, and work with internal departments to forecast needs.
Key responsibilities
- Supplier management: Identify, evaluate, and build relationships with suppliers to ensure reliable and quality supply.
- Negotiation: Negotiate prices, terms, and contracts with vendors to get the best possible deal for the company.
- Procurement execution: Process purchase orders, track deliveries, and ensure purchased goods meet quality and specification requirements.
- Analysis and reporting: Analyze purchasing data, market trends, and supplier performance to identify cost-saving opportunities and inform purchasing strategies.
- Inventory and demand forecasting: Monitor inventory levels and forecast demand to ensure adequate stock without overspending.
- Internal collaboration: Work with internal departments (like production, finance, and sales) to understand their procurement needs and prioritize purchases.
- Compliance: Ensure all purchasing activities comply with company policies and procedures.
Essential skills
- Strong negotiation and communication skills
- Analytical and problem-solving skills
- Attention to detail and accuracy
- Familiarity with procurement software and tools
- Organizational skills
- Knowledge of market conditions and purchasing trends
- Budget management skills
JOB SUMMARY
Buyer, Procurement Specialist