Purchasing Specialist

The position is responsible for overseeing the procurement of goods and services. Responsibilities include identifying sources, negotiating favorable terms, and procuring products and services that align with the company's needs. This requires a dual commitment to maximizing value for our investments and maintaining strict quality standards. Duties will include close collaboration with suppliers, meticulous inventory management, vigilant analysis of market dynamics, and significant contributions to the overall success of our business.

Description

Technical Duties

• Conduct market research and analysis to identify potential suppliers and products and services that align with the organization's needs.
• Develop and maintain relationships with existing and new suppliers, ensuring effective communication and negotiating favorable terms and conditions.
• Analyze and evaluate supplier proposals, taking into account price, quality, delivery times, and other relevant factors.
• Collaborate with multidisciplinary teams, such as logistics and finance, to ensure efficient supply chain management and timely delivery of goods and services.
• Monitor inventory levels, forecast demand, and make purchasing decisions to maintain optimal inventory levels while minimizing excess or obsolete stock.
• Staying abreast of market trends, conditions, and technological developments to identify opportunities for cost savings, process improvements, and supplier performance.
• Resolving any issues or disputes with suppliers, such as delivery delays, quality concerns, or contractual non-compliance, ensuring a satisfactory solution that aligns with the organization's objectives.
• Maintaining accurate records of purchases, contracts, and supplier information, using purchasing software and systems.
• Implementing and updating supplier performance metrics and conducting regular evaluations to ensure continuous improvement in supplier relationships and performance.
• Committing to ethical and sustainable purchasing practices, taking into account factors such as fair trade, environmental impact, and social responsibility.

Requirements

• Bachelor's degree in Business Administration, Supply Chain Management, or a related field.
• A minimum of 3 years of experience as a buyer or in a similar role in procurement, preferably in retail.
• A degree in procurement or supply chain management is a plus.
• Strong negotiation and communication skills to interact effectively with suppliers, internal stakeholders, and multidisciplinary teams.
• An analytical mindset to analyze market trends, pricing data, and supplier proposals to make informed purchasing decisions.
• Excellent organizational and time management skills to prioritize tasks, manage multiple projects simultaneously, and meet deadlines.
• Proficiency in procurement software and systems to manage purchasing processes, track inventory, and prepare reports.
• Attention to detail to ensure accuracy in purchase orders, contracts, and supplier information.
• Problem-solving abilities to address and resolve supplier issues, inventory management, and supply chain disruptions.
• Ability to work collaboratively in a team environment and establish productive relationships with suppliers and internal stakeholders.
• Financial capacity to analyze pricing structures and cost-saving opportunities.
• Knowledge of relevant regulations and laws, ethical purchasing practices, and sustainability initiatives.
• Flexibility and adaptability to changing market conditions, supplier availability, and business requirements.

Benefits

They need the below Specializations:

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