Procurement Officer needed at Advonics Services Nigeria Limited

Responsibilities

• Procurement Management: Oversee all procurement activities, ensuring a streamlined process from vendor selection through to the issuance of purchase orders and tracking of inventory levels.
• Maintain accurate records of all procurement transactions to ensure transparency and accountability in the purchasing process.
• Vendor Selection and Relationship Management: Identify and evaluate potential suppliers based on their reliability, product quality, pricing, and ability to meet delivery timelines.
• Establish and maintain strong relationships with suppliers to foster collaboration and ensure optimal service levels, addressing any issues that arise promptly and effectively.
• Contract Negotiation: Lead negotiations with suppliers to secure favorable terms and pricing while ensuring compliance with company policies and budget constraints.
• Review and finalize contracts, ensuring they align with organizational needs and mitigate potential risks.
• Budget Compliance and Cost Control: Monitor procurement budgets to ensure that all purchasing activities remain within financial constraints.
• Implement cost-saving initiatives and strategies to maximize value without compromising quality or service.
• Market Research and Strategic Sourcing: Conduct thorough market research to stay informed about industry trends, pricing fluctuations, and new suppliers.
• Develop and implement innovative procurement strategies that enhance efficiency and reduce costs, leveraging data analytics to drive decision-making.
• Inventory Management: Collaborate with inventory management teams to ensure adequate stock levels are maintained, preventing shortages or overstock situations.
• Monitor inventory turnover rates and make recommendations for adjustments based on purchasing patterns and forecasted needs.
• Compliance and Reporting: Ensure compliance with all relevant laws, regulations, and internal policies governing procurement activities.
• Prepare and present procurement reports to management, highlighting key metrics, supplier performance, and areas for improvement.

Requirements

• Educational Background: Bachelor’s degree in Supply Chain Management, Business Administration, or a related field that provides a solid foundation in procurement principles.
• Experience: 2-3 years of professional experience in procurement or supply chain management, preferably within a high-tech or security solutions industry.

Skills and Attributes:

• Negotiation Skills: Strong negotiation abilities to secure favorable terms while maintaining positive supplier relationships.
• Inventory Management: Proficient in inventory management practices and tools, ensuring effective tracking and control of stock levels.
• Market Research Proficiency: Skilled in conducting comprehensive market research to inform procurement decisions and identify opportunities for cost savings.
• Technical Proficiency: Familiarity with procurement software and tools, with the ability to utilize technology to enhance procurement processes.
• Analytical Skills: Strong analytical thinking to evaluate supplier performance and purchasing data, enabling informed decision-making.
• Attention to Detail: Exceptional attention to detail to ensure accuracy in procurement records, contract terms, and inventory levels.
• Confidentiality and Integrity: Ability to handle sensitive vendor contracts and pricing information with confidentiality, maintaining the trust of suppliers and adherence to company policies.