Procurement Sourcing Specialist
5 days ago
Job Summary:
The Procurement Sourcing Specialist is responsible for identifying, evaluating, and selecting suppliers to ensure timely and cost-effective procurement of goods and services. This role involves managing sourcing activities, conducting supplier
negotiations, analysing market trends, and ensuring compliance with company procurement policies and quality standards.
Key Responsibilities:· Manage end-to-end sourcing processes including request for quotation (RFQ), tendering, supplier evaluation, and contract finalization.
· Identify and develop reliable suppliers to achieve cost savings, quality improvement, and timely delivery.
· Conduct market analysis to identify potential vendors and alternative sources of supply.
· Negotiate pricing, payment terms, and service levels to secure favourable agreements.
· Maintain and update supplier databases, contracts, and sourcing documentation.
· Work closely with internal departments to understand procurement requirements and align sourcing strategies with business objectives.
· Monitor supplier performance and resolve any delivery or quality issues.
· Ensure all procurement activities comply with company policies, ethical standards, and legal requirements.
· Prepare and present sourcing reports, cost analysis, and recommendations to management.
· Continuously improve sourcing processes and contribute to cost optimization initiatives.
Requirements:· Bachelor's degree in supply chain management, Business Administration, or a related field.
· Minimum 2–5 years of experience in procurement, sourcing, or supply chain management.
· Strong negotiation, communication, and analytical skills.
· Proficiency in Microsoft Office and ERP systems (e.g., SAP, Oracle, or similar).
· Good understanding of procurement procedures, contract management, and market analysis.
· Detail-oriented, proactive, and able to work under minimal supervision.
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