Sourcing and Procurement Specialist
1 week ago
XAD Technologies is a dynamic organization that values innovation and excellence in all aspects of its operations. We are currently seeking a skilled Sourcing and Procurement Specialist to join our team.
Salary InformationWe offer a competitive salary range for this position, estimated to be between $90,000 - $120,000 per annum, based on industry standards and location factors.
Job DescriptionThe Sourcing and Procurement Specialist will play a crucial role in optimizing procurement operations, managing supplier relationships, and ensuring resource availability for projects. Key responsibilities include:
Supplier Management• Identify, evaluate, and build partnerships with reliable suppliers to meet the company's needs.
• Negotiate terms to secure quality, price, and timely delivery for essential tools and supplies.
• Develop and manage supplier contracts to minimize risks and achieve cost savings.
Collaboration and Communication• Collaborate with project managers and operations teams to assess requirements and forecast inventory needs.
• Maintain optimal stock levels for smooth project flow.
Budget Oversight• Monitor spending and find cost-saving opportunities to ensure efficient use of resources.
• Ensure compliance with company policies, industry regulations, and safety standards.
Quality Assurance• Conduct regular quality checks and audits to maintain high standards.
• Monitor supplier performance based on quality, timely delivery, and compliance.
• Resolve supplier-related issues or discrepancies quickly.
Data Analysis• Maintain detailed records and analyze procurement data to provide insights on trends, costs, and supplier performance.
• Support decision-making and drive continuous improvement.
Required Skills and QualificationsTo succeed in this role, you will need:
- A Bachelor's degree in Supply Chain Management, Business Administration, or a related field.
- At least 5 years of experience in procurement, preferably in tools, equipment, or supplies.
- Strong sourcing, vendor management, and contract negotiation skills.
- Proficiency in procurement software and Microsoft Office.
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