Procurement Officer at DynamicPlus Advisory

Overview

• The Procurement Officers key role is sourcing and purchasing raw materials (like polymers), equipment, and services, while ensuring cost-effectiveness, quality, and timely delivery.
• Key duties include supplier evaluation and negotiation, managing contracts and inventory, maintaining accurate records, ensuring compliance with company and regulatory standards. He/She will be in active collaboration with other departments.

Key Responsibilties
Supplier Management:

• Researching, evaluating, and selecting reliable suppliers to secure goods and services that meet quality standards.
• Negotiation of contracts, terms, prices and maintenance of cordial relationships with suppliers.

Procurement Planning:

• Structure plans for purchasing necessary equipment, services and supplies to meet the requirements of the organization.
• Prepare reports on procurement activities, costs, and supplier performance

Inventory and record keeping:

• Management of all inventories to prevent shortages and coordinate with logistics teams.
• Maintenance of accurate purchase and pricing records
• Maintenance of all suppliers’ information.

Budgeting and Costing:

• Develop and manage procurement budgets.
• Implementation of cost-savings initiatives without compromising quality.
• Monitoring and controlling procurement costs against the budget.
• Performing cost analysis and reporting.

Logistics:

• Coordinate with logistics and warehouse teams on timely delivery of purchased items and services to the organization.

Risk Management:

• Anticipating and mitigating potential risks in the supply chain process.
• Ensure all purchases comply with organizational policies and industry standards
• Analyze market trends to make informed purchasing decisions and stay ahead of fluctuations.

Desired Skills and Experience

• Bachelor’s degree in Business Admin, Supply chain or related field.
• Candidate must possess at least 3-5 years of experience in Procurement in the Manufacturing industry is mandatory.
• Strong negotiation, communication, and interpersonal skills
• Analytical skills and the ability to understand market trends and manage risk.
• Knowledge of procurement policies, contract management, and inventory control.
• Excellent organizational, time management, and multitasking skills
• Candidate must be able to use MS Office Excel, Word, PowerPoint etc. and ERP
• Attention to detail and a strong sense of integrity.

Benefits

• A generous comprehensive remuneration package will be offered for this position.