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Procurement Specialist
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$85k-107k (estimate)
Full Time 1 Day Ago
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Munich Airport NJ LLC is Hiring a Procurement Specialist Near Newark, NJ

Job Description

Job Description
The Procurement Specialist will contribute to sourcing activities, supplier evaluations, and contract management within the procurement process, all while ensuring compliance with corporate governance and ethical standards. This role will assist with the development of a contract quality assurance framework to enhance compliance and overall performance.
The Procurement Specialist will collaborate with teams in Germany to facilitate solutions and streamline procurement processes while forging strong partnerships with internal teams, ensuring a deep understanding of their procurement needs and working closely with the finance group for seamless invoice processing, ensuring accuracy and timely payments.
 
Responsibilities:
  • Contribute to the development and execution of end-to-end procurement strategies, leveraging 1-2 years of experience.
  • Assist in sourcing activities, evaluating suppliers, and supporting contract management within the procurement process.
  • Analyze market trends, monitor supplier performance, and provide insights into potential opportunities and risks.
  • Collaborate closely with internal teams to understand and address their procurement needs effectively.
  • Ensure strict adherence to company policies, industry regulations, and ethical standards throughout the procurement process.
  • Develop and implement a contract quality assurance framework to ensure compliance and optimal performance.
  • Collaborate with international teams, particularly in Germany, to facilitate solutions and streamline procurement processes.
  • Work closely with the finance group for seamless invoice processing, ensuring accuracy and timely payments.
  • Conduct cost analyses and contribute to initiatives aimed at cost reduction and process improvement within the procurement framework.
  • Manage aspects of the end-to-end procurement process, from requisition to delivery, including contract administration.
  • Stay informed about industry best practices and actively propose ideas for process enhancement within the procurement lifecycle.
  • Utilize procurement software and tools independently, with guidance as needed.
  • Contribute to the preparation and presentation of reports on procurement performance and key metrics.
 
Qualifications:
 Bachelor's degree in Business, Supply Chain Management, or a related field.
  • 2-4 years of experience in a procurement or related role, with exposure to procurement practices.
  • Effective communication and interpersonal skills.
  • Solid understanding of procurement concepts, principles, and contract administration.
  • Proficient in Microsoft Office applications.
  • Familiarity with SAP Business By Design a plus
  • Detail-oriented with the ability to manage multiple tasks simultaneously.
  • Ability to drive deliverables to completion independently, given guidance and parameters.
  • Eagerness to pursue continuous professional development

Munich Airport US Holding and it's subdivision Munich Airport NJ LLC are equal opportunity employers.

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Job Summary

JOB TYPE

Full Time

SALARY

$85k-107k (estimate)

POST DATE

05/07/2024

EXPIRATION DATE

05/20/2024

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The following is the career advancement route for Procurement Specialist positions, which can be used as a reference in future career path planning. As a Procurement Specialist, it can be promoted into senior positions as a Buyer IV that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Procurement Specialist. You can explore the career advancement for a Procurement Specialist below and select your interested title to get hiring information.

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If you are interested in becoming a Procurement Specialist, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Procurement Specialist for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Procurement Specialist job description and responsibilities

A Procurement Specialist will have many duties, but they typically focus on locating suppliers, negotiating prices, and ensuring that all products and services purchased meet the organization’s specifications.

03/13/2022: Wichita, KS

Procurement specialist also receives the shipment, then records the delivery, and ensures the fulfillment of the order.

03/17/2022: Ogden, UT

Once the terms are settled, the procurement specialist prepares a contract to ensure stability and security at both ends.

02/20/2022: Milwaukee, WI

Procurement Specialists are often responsible for overseeing or executing some or all of the following tasks.

02/18/2022: Vallejo, CA

They make profitable strategies for companies and are effective negotiators with an analytical approach, they also look to save a client money while ensuring quality goods are supplied that meet the client's needs.

04/07/2022: Wichita Falls, TX

Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Procurement Specialist jobs

Should be skilled enough to take a holistic approach to manage the risks.

03/05/2022: Fort Lauderdale, FL

The procurement specialist thus should have the skills to create patterns that establish and enhances the stability of a business.

03/19/2022: Tulsa, OK

Companies who hire procurement specialists want professionals with negotiation experience and communication expertise.

02/17/2022: Parkersburg, WV

Procurement specialists should have outstanding communication and negotiating skills.

04/13/2022: Richmond, VA

Ultimately, an outstanding procurement specialist should have excellent communication and negotiation skills, be an analytical thinker, and demonstrate a good working knowledge of purchasing strategies.

03/03/2022: Lansing, MI

Step 3: View the best colleges and universities for Procurement Specialist.

Butler University
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United States Merchant Marine Academy