Procurement Specialist

What is a Procurement Specialist?

A Procurement Specialist is responsible for sourcing, purchasing, and managing the materials, services, and vendor relationships necessary for real estate projects. They play a vital role in ensuring cost-effective procurement processes, maintaining quality standards, and supporting operational goals in the real estate industry.

Procurement Specialists develop sourcing strategies, negotiate contracts, and monitor supplier performance to ensure that the organization’s real estate operations run smoothly and efficiently.

Job Duties

• Vendor Management: Monitor supplier performance, address issues, and build strong relationships with vendors to ensure reliable delivery of goods and services.
• Procurement Strategy: Analyze industry trends and internal demand to develop and implement cost-effective sourcing strategies.
• Contract Negotiation: Prepare proposals, request quotes, and negotiate favorable purchase terms and conditions to support operational objectives.
• Purchase Order Management: Prepare and issue purchase orders and agreements, ensuring accuracy and compliance with company policies.
• Quality Assurance: Inspect and evaluate the quality of purchased items and services, resolving any discrepancies or shortcomings promptly.
• Market Research: Conduct research on suppliers, materials, and pricing to identify opportunities for cost savings and process improvements.
• Budget Management: Collaborate with finance teams to manage procurement budgets and ensure alignment with project goals.
• Compliance Oversight: Ensure all procurement activities adhere to organizational policies, legal requirements, and industry standards.