Job Description
Job Description
Job Description
Position: Procurement Specialist
We are seeking a highly skilled and detail-oriented Procurement Specialist to join our team. This role is critical in managing the procurement of biotech materials and services, ensuring the timely and cost-effective acquisition of quality supplies that meet the organization's requirements.
Responsibilities:
- Procurement Management:
- Manage the end-to-end procurement process for materials, equipment, and services.
- Assist in developing and implementing procurement strategies.
- Establishes and maintains vendor relationships and monitors OTIF (On time, In Full).
- Negotiate contracts, terms, and pricing with vendors to secure advantageous deals.
- Utilize and assist with the implementation of “e-tools” (ERP etc.) to help drive the program.
- Prepare and issue purchase orders and change notices.
- Vendor Relations:
- Evaluate and select suppliers, pricing, cost-effectiveness, and availability of materials and commodities.
- Conduct regular supplier performance reviews and audits to ensure compliance with contractual terms and quality standards.
- Address any supplier issues and work to resolve them promptly.
- Inventory Management:
- Monitor inventory levels to ensure adequate supply without overstocking.
- Coordinate with the warehouse and logistics teams to manage inventory efficiently.
- Implement and manage a system for tracking inventory and procurement activities.
- Compliance and Documentation:
- Ensure all procurement activities comply with company policies and regulatory requirements.
- Maintain accurate records of purchases, contracts, and agreements.
- Prepare reports on procurement activities, costs, and supplier performance.
- Budget Management:
- Work within budgetary constraints to achieve cost savings.
- Monitor and report on expenditures to ensure compliance with the budget.
- Identify opportunities for cost reduction and process improvement.
- Collaboration:
- Collaborate with cross-functional teams to understand procurement needs and ensure alignment with business goals.
- Participate in cross-functional teams to support project goals and initiatives.
- Perform other duties as assigned.
Requirements:
- Bachelor’s degree in Life Sciences, Business, Supply Chain Management, or a related field. An advanced degree is a plus
- Minimum of 1-2 years of experience in procurement within the biotech, pharmaceutical, or life sciences industries
- Strong knowledge of biotech materials, equipment, and supplier base.
- Strong negotiation skills, contract management skills, and experience in managing supplier relationships
- Excellent organizational, analytical, and problem-solving skills
- Proficient in procurement software and tools
- Advanced proficiency in Microsoft Excel, including data analysis, pivot tables, and complex formulas
- Strong communication skills, both written and verbal
- Ability to work in a fast-paced, dynamic environment
- Ability to work independently and as part of a team
- Familiarity with regulatory requirements and quality standards in the biotech industry
- Ability to communicate, receive, and understand instructions regarding duties to be performed
- Team player who is accountable for the team's success in delivering business targets and takes responsibility for decisions and outcomes
- Ability to communicate well and work with others
- Certification in Procurement or Supply Chain Management (e.g., CPIM, CSCP, CPSM) preferred
- Experience with ERP systems and procurement software preferred
Work Environment/Physical Demands:
- Must be able to sit and stand for extended periods
- Must be able to communicate efficiently and effectively on the telephone or in person, and complete required paperwork
- Work extended or off hours depending on the company needs (including weekends, holidays), as required
Job Tags
Holiday work, Contract work,