- August 25, 2023
- Posted by: Bonnici Group
- Collaborate with cross-functional teams to identify sourcing needs and develop procurement strategies that align with the organization’s goals and budget.
- Conduct market research to identify potential suppliers, evaluate their capabilities, and assess their suitability based on quality, price, and delivery times.
- Negotiate favourable terms, contracts, and pricing with suppliers to optimize cost savings while maintaining product/service quality.
- Manage the end-to-end procurement process, including issuing purchase orders, tracking orders, monitoring delivery schedules, and resolving any discrepancies or issues that may arise.
- Build and maintain strong relationships with suppliers, fostering open communication and addressing any concerns or performance-related matters.
- Monitor inventory levels and coordinate with relevant teams to ensure stock availability meets demand without excessive overstock.
- Stay up-to-date with industry trends, market conditions, and technological advancements that could impact sourcing and procurement strategies.
- Implement and improve procurement policies, procedures, and systems to enhance overall efficiency and compliance.
- Collaborate with the finance department to manage budgets, track spending, and provide regular reports on procurement activities.
- Participate in supplier performance evaluations, identifying areas for improvement and working with suppliers to address them.
- Qualification in Business Administration, Supply Chain Management, or a related field. A relevant professional certification is a plus.
- Proven experience as a Sourcing and Procurement Specialist or in a similar role.
- Strong understanding of procurement principles, supplier management, and contract negotiation.
- Excellent analytical skills with the ability to interpret data, trends, and market insights.
- Exceptional communication and interpersonal skills for effective collaboration with internal teams and external suppliers.
- Proficiency in using procurement software and tools to streamline processes.
- Detail-oriented with excellent organizational skills to manage multiple tasks and priorities effectively.
- Ability to adapt to changing circumstances and work in a fast-paced environment.
- Strong negotiation skills and the ability to influence outcomes in a positive manner.
- Problem-solving attitude with the ability to identify issues and implement effective solutions.
- Knowledge of ethical sourcing and sustainability practices is a plus.
Naturally, as with all our vacancies, the winning candidate will have a positive approach, a can-do attitude, a strong sense of team player dynamics and service, great two-way communications, and leadership skills, together with a proven sense of pride in getting things done to the highest possible standard, first time, every time.