Procurement Officer at Invent Alliance Limited

Invent Alliance Limited is currently recruiting to fill the role of Procurement Officer, the person will be expected to attend to the following job role;

• Procurement Planning: Developing procurement strategies that are cost-effective and align with the organization's goals and needs.
• Sourcing and Vendor Management: Identifying reliable suppliers, negotiating contracts, and maintaining good relationships with vendors to ensure timely delivery of goods and services.
• Purchase Order Processing: Creating and processing purchase orders accurately and efficiently, adhering to budgetary constraints and company policies.
• Inventory Management: Monitoring inventory levels and ensuring stock availability while minimizing excess inventory to reduce costs.
• Supplier Evaluation and Selection: Assessing supplier capabilities, conducting audits when necessary, and making recommendations for supplier selection based on quality, cost, and delivery.
• Contract Management: Managing contracts and agreements with suppliers, including terms and conditions negotiation, renewal, and compliance monitoring.
• Budgeting and Cost Control: Monitoring expenditures against budget and finding opportunities to reduce costs without sacrificing quality or service levels.
• Risk Assessment and Mitigation: Identifying potential risks in the supply chain and implementing strategies to mitigate them, such as developing alternative sourcing options.
• Compliance and Documentation: Ensuring procurement activities comply with legal and regulatory requirements, maintaining accurate records, and preparing reports as needed.
• Continuous Improvement: Participating in or leading initiatives to improve procurement processes, efficiency, and effectiveness within the organization.
• Collaboration: Working closely with other departments such as finance, operations, and logistics to coordinate procurement activities and meet organizational objectives.
• Market Research: Keeping abreast of market trends, new products, and emerging technologies relevant to the organization's procurement needs.

The preferred candidate must reside along the Lekki-Ajah axis.