Procurement Specialist

About the Opportunity

This organization empowers manufacturing businesses to improve design, modeling, development, and sales processes across the manufacturing value chain by utilizing AI-driven technology solutions. The Procurement Specialist will establish and manage the procurement function by developing end-to-end processes, policies, and tools. This role oversees sourcing, vendor management, contract negotiations, and purchasing operations.

Responsibilities

• Develop and implement end-to-end procurement processes including approval workflows.
• Draft and maintain procurement policies, procedures, and standards.
• Build and maintain a centralized supplier database and documentation system.
• Establish standardized sourcing and vendor evaluation processes.
• Lead RFP/RFQ processes and negotiate pricing, contract terms, and agreements.
• Apply AI-based analytics to evaluate spend data and generate cost-saving insights.
• Utilize AI-powered tools to identify new vendors and assess risk profiles.
• Manage vendor onboarding, qualification, risk assessment, and performance evaluation.
• Collaborate with Finance, IT, Legal, and other teams to define requirements.
• Monitor supplier performance and drive continuous improvement.
• Analyze purchasing data to identify cost-saving opportunities.
• Recommend and implement procurement technology tools to streamline purchasing.
• Prepare and present procurement reports on spending, vendor performance, and risks.

Requirements

• Bachelor’s degree in business administration or related field.
• 3 to 7 years of procurement or supply chain experience in a fast-paced startup environment.
• Experience in creating procurement processes, policies, or sourcing frameworks.
• Strong negotiation, vendor management, and contract management skills.
• Knowledge of procurement best practices, cost-analysis techniques, and compliance standards.

Benefits & Perks

• PTO, Sick, and Parental Leave
• Medical, Dental, and Vision Insurance
• 401(k) Plan
• Health Savings Account
• Life Insurance
• Employee Assistance Program

Compensation

USD 100,000 to USD 115,000 yearly, full-time and bonus eligible. Salary is based on experience, education, training, skills, responsibilities, benefits, and work location.

Key skills/competency

• Procurement
• Vendor Management
• Contract Negotiation
• Policy Development
• Cost Analysis
• AI Analytics
• Process Improvement
• Sourcing
• Data Analysis
• Compliance