What is a Procurement Specialist doing? Job description and responsibilities

What does a Procurement Specialist do?

The Procurement Specialist is responsible for managing and coordinating the purchasing activities of the organization. The Procurement Specialist will be responsible for developing and maintaining relationships with vendors, negotiating contracts and prices, and ensuring that all orders are placed in a timely manner. They will also be responsible for ensuring that all purchased goods and services meet the required standards of quality and quantity. The Procurement Specialist must be highly organized and possess excellent communication and negotiation skills. The ideal candidate must have a thorough understanding of the procurement process and be able to effectively manage multiple projects simultaneously.

Responsibilities of Procurement Specialist

1. Develop and execute purchasing strategies to maximize quality and cost savings.
2. Negotiate with vendors to ensure best pricing and quality of products and services.
3. Maintain and monitor supplier performance, including quality, delivery and cost.
4. Manage supplier relationships and maintain open communication.
5. Evaluate suppliers, negotiate contracts and review bid proposals.
6. Monitor and analyze market trends to assess the impact on sourcing decisions.
7. Research new suppliers and products to ensure cost savings and quality standards are met.
8. Prepare and process requisitions and purchase orders.
9. Maintain accurate records and documentation of purchasing activities.
10. Monitor inventory levels and ensure timely restocking of materials.