Procurement Specialist
3 weeks ago
Overview
A procurement specialist facilitates purchases from outside suppliers to keep a business running. Their primary responsibilities include researching key suppliers, negotiating purchase agreements, and ensuring all products and materials meet company standards.
Responsibilities- Research suppliers of goods and services
- Gather quotes, proposals, and purchase terms and conditions
- Execute the purchase of goods or services approved by management
- Evaluate and negotiate vendor contracts
- Track inventory and submit purchase orders as needed
- Recommend new products, services, or materials in keeping with industry trends
While the most fundamental responsibility is that of purchaser, procurement specialists may also hire, monitor, and record the performance of suppliers. They often serve as a point person in vendor relationships, answering any questions or concerns suppliers have. As a shrewd and creative thinker, a procurement specialist must be able to anticipate the needs of the company and plan ahead for effective resource management. At times, aggressive negotiations may be necessary to ensure the company remains competitive.
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