The procurement officer ensures the things purchased for the company provide the best possible value and outcomes, whether they be goods for resale, equipment, services, or materials. The procurement officer must be adept at analyzing the needs of the company and possible choices for purchase to meet these needs at the best prices possible while taking into account quality. The procurement officer must be able to ensure that the delivery of purchases meets the needs of the company without causing shortages or excessive surpluses. They must be able to gauge what levels must be kept of purchases to ensure consistent resource availability and performance.
Procurement Officer Tasks
Review financial goals and provide metrics to understand and report on initiatives and cost structure.
Ensure books and databases are up to date and accurate.
Review historical and competitive costs to identify cost savings opportunities and variances.
Analyze category, service, material, and vendor costs to provide key decision information.