Purchase Officer
Confidential Company
Employer Active
Posted 35 min ago
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Nationality
Indian, Sri Lankan
Gender
Male
Vacancy
1 Vacancy
Job Description
Roles & Responsibilities
Key Responsibilities
1. Sourcing & Vendor Management
- Research & Evaluate: Identify potential suppliers and service providers based on reliability, quality and cost-effectiveness.
- Relationship Building: Develop and maintain long-term relationships with key vendors to ensure priority service and stable pricing.
- Performance Audits: Conduct regular reviews of supplier performance to ensure they meet delivery deadlines and quality standards.
2. Negotiation & Contracting
- Contract Negotiation: Negotiate favorable terms, pricing, and payment schedules for all purchase agreements.
- Bid Management: Prepare bid invitations, review quotes, and analyze proposals to ensure maximum ROI.
- Legal Compliance: Ensure all contracts and purchases comply with company policies and local legal regulations.
3. Operations & Inventory
- Purchase Orders (PO): Create, process, and track POs through internal databases (like SAP or Oracle).
- Stock Monitoring: Collaborate with warehouse and inventory teams to monitor stock levels and forecast future procurement needs.
- Quality Control: Inspect incoming shipments to verify they match the order specifications and meet quality benchmarks.
4. Financial Tracking & Reporting
- Budget Adherence: Monitor spending to ensure procurement stays within departmental budgets.
- Data Analysis: Prepare detailed reports on purchase history, cost savings, and market trends to present to management.
- Dispute Resolution: Liaise with the Finance department to resolve any invoice discrepancies or payment issues.
Desired Candidate Profile
Education: Bachelor’s degree in Business Administration, Supply Chain Management, Logistics or a related field.
- Experience: 2–5 years of experience in procurement, purchasing or supply chain.
- Technical Skills: Proficiency in ERP software (e.g SAP, Microsoft Dynamics) and Microsoft Excel (advanced formulas and data analysis).
- Strong negotiation and persuasion abilities.
- High level of attention to detail for reviewing complex contracts.
- Excellent analytical thinking for cost-benefit analyses.
- Ability to multitask and prioritize under tight deadlines.
Employment Type
- Full Time
Company Industry
Department / Functional Area
Keywords
- Purchase Officer
- Retail
- Procurement
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Confidential Company