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Procurement Specialist
hace 2 meses
About the Role
The Procurement Specialist plays a critical role in the procurement process, responsible for sourcing, purchasing, and managing inventory to ensure the availability of goods and services required by the organization.
Key Responsibilities
- Sourcing and Procurement: Conduct market research to identify potential suppliers and evaluate their capabilities, quality standards, and pricing. Negotiate contracts and agreements with suppliers to secure favorable terms, pricing, and delivery schedules. Collaborate with internal stakeholders to understand their procurement needs and requirements.
- Purchase Order Management: Create and manage purchase requisitions and purchase orders in procurement systems, ensuring accuracy and compliance with procurement policies and procedures. Coordinate with vendors and internal departments to track order status, resolve discrepancies, and expedite deliveries as needed.
- Inventory Management: Monitor inventory levels and stock availability to prevent stockouts and minimize excess inventory. Analyze demand forecasts and consumption patterns to optimize inventory replenishment and stock allocation. Work closely with suppliers and logistics partners to coordinate shipments, warehouse operations, and inventory replenishment strategies.
- Procure-to-Pay Process: Manage the procure-to-pay process, from requisition and purchase order creation to invoice processing and payment reconciliation. Verify supplier invoices for accuracy, resolve billing discrepancies, and ensure timely payment processing. Work with accounts payable and finance teams to reconcile purchase orders, invoices, and payments, ensuring compliance with budgetary constraints and financial controls.
- Supplier Relationship Management: Cultivate and maintain strong relationships with key suppliers and vendors, fostering collaboration, transparency, and trust.
About S2S Soft
S2S Soft is a Global IT Solutions and Services company with unmatched expertise spread across various industrial sectors. Our clients have relied on us for providing technology initiatives and support for their business processes in areas such as enterprise application management, custom application management, business intelligence, and quality assurance.
