Associate-Procurement

The Procurement Officer/Manager is responsible for managing the end-to-end sourcing, purchasing, and vendor management lifecycle. This role ensures the organization acquires high-quality goods, materials, and services at optimal cost, maintains supply chain continuity, and adheres to regulatory and company compliance standards. Key ResponsibilitiesSourcing & Purchasing: Develop and execute cost-effective purchasing strategies. Issue Requests for Quotations (RFQs), Proposals (RFPs), and purchase orders (POs). [1, 2, 3]Vendor & Supplier Management: Evaluate, select, and onboard reliable suppliers. Build strong relationships while continuously scouting alternative vendors to mitigate risk. Contract Negotiation: Negotiate favorable pricing, payment terms, delivery schedules, and service-level agreements (SLAs) with suppliers. Work with legal teams to finalize contracts.Cost Analysis & Budgeting: Conduct total cost of ownership (TCO) analyses, track departmental spend, and identify cost-saving benchmarks. Compliance & Risk Mitigation: Enforce company procurement policies, monitor contract compliance, and implement contingency plans for material shortages or market disruptions.Inventory & Delivery Tracking: Monitor delivery timelines, manage stock/inventory levels, and resolve shipping, invoicing, or quality discrepancies. ERP & System Updates: Maintain accurate records in ERP or procurement software (e.g., SAP, Oracle).