Senior Procurement Specialist

Job Summary:We are seeking an experienced Senior Procurement Specialist to lead sourcing strategies, supplier management, and cost optimization initiatives.

The role requires strong analytical capabilities to evaluate market trends, supplier performance, and procurement data to drive strategic decision-making and operational efficiency.

Key Responsibilities: Lead end-to-end sourcing processes including supplier identification, RFQs/RFPs, bid evaluation, and supplier selection.

Develop and execute category sourcing strategies based on spend analysis and business needs.

Conduct market research to identify new suppliers, technologies, and cost-saving opportunities.

Manage tendering processes and ensure competitive bidding.

Perform Total Cost of Ownership (TCO) analysis for sourcing decisions.

Evaluate, select, and manage suppliers based on quality, cost, and reliability.

Build and maintain strong supplier relationships.

Conduct regular supplier performance reviews and risk assessments.Analyze procurement data to identify trends, risks, and opportunities.

Develop dashboards and reports on KPIs such as cost savings, supplier performance, and spend analysis.

Use data-driven insights to support decision-making and forecasting.

Monitor market trends, pricing fluctuations, and supply chain risks.

Conduct benchmarking and competitive analysis.

Develop mitigation strategies for supply disruptions.

Improve procurement processes, systems, and policies.

Ensure compliance with internal policies and regulatory requirements.

Lead digital transformation initiatives (ERP, e-procurement tools).

Work closely with finance, operations, and project teams to align procurement plans.

Provide advisory support on budgeting and cost control.

Key Skills & CompetenciesStrong analytical and problem-solving skills.Advanced proficiency in Excel, ERP systems (SAP, Oracle), and data visualization tools (Power BI, Tableau).Excellent negotiation and contract management skills.Strategic thinking with a data-driven mindset.Strong communication and stakeholder management abilities.Strong strategic sourcing expertise Preferred Analytical ExperienceSpend analysis and cost modeling.Data visualization and dashboard creation.Forecasting and demand planning.Supplier risk scoring models.Total Cost of Ownership (TCO) analysis.