Purchasing Officer

General Description:

Responsible for overseeing the procurement process of goods and services necessary for the organization's operations. This involves coordinating with vendors, negotiating contracts, managing inventory levels, and ensuring timely and cost-effective acquisition while adhering to company policies and quality standards.

Specific Duties and Responsibilities:

Strategic Procurement:

Ø Develop and execute comprehensive procurement strategies aligned with business goals and financial objectives.

Ø Identify opportunities for cost savings, process optimization, and supplier consolidation.

Supplier Relationship Management:

Ø Cultivate and maintain strong relationships with suppliers, negotiating favorable terms, pricing, and contractual agreements.

Ø Evaluate supplier performance regularly, providing constructive feedback and addressing any issues promptly.

Procurement Process Oversight:

Ø Supervise the end-to-end procurement process, from sourcing and requisitioning to purchase order creation and fulfillment.

Ø Ensure compliance with procurement policies, ethical standards, and regulatory requirements.

Budget Management:

Ø Collaborate with finance teams to develop procurement budgets and closely monitor expenditures.

Ø Strive to achieve cost savings without compromising product quality or operational efficiency.

Inventory Control:

Ø Monitor inventory levels, analyzing usage patterns and demand trends to optimize stock levels.

Ø Implement strategies to prevent overstocking or stockouts, minimizing carrying costs.

Market Analysis:

Ø Stay current with industry trends, emerging products, and market dynamics that may impact procurement decisions.

Ø Conduct market research to identify potential suppliers and innovative products.

Reporting and Analytics:

Ø Generate and present regular reports detailing procurement performance, cost savings, supplier metrics, and market insights.

Ø Utilize data analysis to identify areas for improvement and implement data-driven strategies.

Cross-Functional Collaboration:

Ø Collaborate with various departments, including operations, culinary, and quality control, to understand their procurement needs and align strategies.

Ø Performs other tasks that may be assigned to him/her

Qualifications:

Ø A bachelor's degree in Business Administration, Supply Chain Management, Procurement, or a related field is preferred.

Ø Proven experience in procurement, purchasing, or supply chain roles, demonstrating expertise in vendor management, negotiation, and contract handling. Previous experience in a similar capacity within the industry or related field is advantageous.

Ø With strong negotiation skills

Ø With excellent communication and interpersonal skills