Procurement Officer
2 days ago
1. **Supplier Management**
- **Identifying Suppliers**: Researching, evaluating, and selecting vendors who can supply the required goods or services.
- **Negotiating Terms**: Negotiating prices, payment terms, delivery schedules, and contracts with suppliers.
- **Building Relationships**: Developing and maintaining long-term, positive relationships with suppliers and vendors to ensure consistent quality and service.
2. **Purchasing and Sourcing**
- **Procurement Planning**: Collaborating with internal departments (e.g., finance, production, and operations) to understand their needs and forecast future procurement requirements.
- **Order Processing**: Placing orders for goods or services, ensuring timely delivery and quality standards are met.
- **Inventory Management**: Tracking stock levels and managing replenishment processes to avoid stock-outs or overstocking.
3. **Contract Management**
- **Drafting and Reviewing Contracts**: Drafting, reviewing, and ensuring compliance with contracts, including terms and conditions.
- **Vendor Performance Monitoring**: Ensuring that suppliers comply with contractual obligations, including delivery timelines and quality standards.
4. **Budget and Cost Control**
- **Cost Optimization**: Identifying opportunities to reduce procurement costs through efficient sourcing, bulk buying, and negotiation.
- **Budget Management**: Monitoring procurement budgets to ensure that spending aligns with allocated budgets and that procurement processes are cost-effective.
5. **Compliance and Risk Management**
- **Regulatory Compliance**: Ensuring that procurement activities comply with relevant laws, regulations, and organizational policies.
- **Risk Management**: Identifying potential risks in the supply chain (e.g., price fluctuations, delivery delays) and taking proactive measures to mitigate them.
6. **Record Keeping and Reporting**
- **Documentation**: Maintaining accurate records of purchase orders, contracts, invoices, and supplier communications.
- **Reporting**: Preparing regular procurement reports, analyzing procurement activities, and presenting them to senior management for decision-making.
7. **Collaboration and Communication**
- **Internal Coordination**: Working closely with other departments (e.g., logistics, production, finance) to ensure smooth procurement and fulfillment of their needs.
- **Supplier Communication**: Liaising with suppliers to resolve any issues, ensuring the quality of products, and following up on delivery statuses.
8. **Market Research and Trends**
- **Industry Research**: Staying informed about market trends, new suppliers, technological innovations, and pricing fluctuations to make informed procurement decisions.
- **Sourcing Strategies**: Continuously improving procurement strategies to align with the organization's evolving needs and market conditions.
**Job Types**: Full-time, Permanent
Pay: RM2,000.00 - RM3,000.00 per month
Schedule:
- Early shift
- Fixed shift
**Experience**:
- Procurement management: 1 year (required)
Expected Start Date: 12/16/2024
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