Procurement Specialist We are seeking a highly skilled Procurement Specialist to join our team. As a key member of our organization, you will be responsible for the strategic sourcing and procurement of goods and services. - Key Responsibilities: - Strategic Sourcing: - IDentify and evaluate potential suppliers based on quality, price, and reliability. - Negotiate contracts and agreements with suppliers to secure favorable terms. - Analyze market trends and identify opportunities for cost savings. - Supplier Relationship Management: - Resolve supplier disputes and negotiate settlements. - Contract Management: - Develop and manage contracts and agreements with suppliers. - Ensuring that contracts accurately reflect the agreements reached between parties. - Working with legal counsel to ensure compliance with applicable laws and regulations. - Ensure compliance with contract terms and conditions. - Monitor contract performance and identify any potential risks. - Manage contract renewals, amendments, and terminations. - Compliance and Risk Management: - Ensure compliance with company policies and procedures, as well as relevant laws and regulations. - Identify and mitigate procurement and contract risks. - Maintain accurate records and documentation. - Identifying and assessing potential contract risks. - Ensuring that contracts include appropriate safeguards and protections. - Reporting and Analysis: - Prepare and present procurement reports and analysis. - Track and monitor key performance indicators (KPIs). - Provide recommendations for process improvements. - Use ERP or procurement software to track purchases and generate reports.