Procurement Specialist

DUTIES & RESPONSIBILITIES:

• As a Procurement Specialist, you will play a crucial role in supporting our company's operations by managing the purchasing process for goods and services
• Creates requests for quotations (RFQ) and organizes competitive biddings from various suppliers to obtain the best quality, delivery, and price for goods and services
• Your expertise in procurement strategies and supply chain management will be essential in ensuring cost-effective and timely procurement of materials
• Develop and implement effective procurement strategies to support the company's operations and meet its purchasing needs
• Manage the entire procurement process from identifying the need for goods and services to negotiating contracts and finalizing purchases
• Conduct market research and stay updated on industry trends to identify potential cost-saving opportunities and develop relationships with new suppliers
• Evaluate and select suppliers based on quality, cost, and delivery time, ensuring the best value for the company
• Negotiate contracts and terms with suppliers to secure favorable pricing and payment terms
• Collaborate with cross-functional teams to understand their purchasing needs and provide guidance on procurement processes and procedures
• Monitor and track supplier performance, ensuring timely delivery and compliance with contractual agreements
• Maintain accurate and up-to-date records of all procurement activities, including contracts, purchase orders, and invoices
• Identify and resolve any issues or discrepancies with suppliers, including delivery delays, quality issues, and pricing discrepancies
• Continuously review and improve procurement processes to increase efficiency, reduce costs, and streamline operations
• Stay informed of industry regulations and compliance requirements related to procurement and ensure the company's adherence to them
• Train and mentor junior procurement team members to ensure their understanding and adherence to procurement policies and procedures
• Represent the company in supplier negotiations and maintain positive and professional relationships with all stakeholders
• Proactively identify potential risks and develop contingency plans to mitigate them
• Communicate regularly with internal stakeholders and provide updates on procurement activities and any potential issues or delays
• Other duties as assigned

SKILLS & EXPERIENCE REQUIRED:

• Completion of an undergraduate degree in technical, business, or similar discipline is required. Oracle Purchase to Pay knowledge is desirable.
• Skills are typically acquired through completion of an undergraduate degree in Engineering, Industrial Distribution, Business, or Supply Chain Management or a similar discipline
• A minimum of 3- 6 years of experience in Supply Chain Management activities/experience; Must have the skill sets and ability to interface across the entire enterprise (Engineering, Manufacturing, Quality, MP&L, Trade Compliance, Accounting, etc.).
• The capability of understanding technical documentation and standards (machine drawings, material specifications and classifications, etc.) is required. Certification as a Supply Chain Professional is preferred.
• Oracle Fusion knowledge preference

COMPETITIVE BENEFITS: (visit usbenefits.nov.com for more information about our benefits offerings)

• 401(k) Retirement Plan – NOV matches every dollar up to 5% of base pay and overtime for every dollar you invest.
• Competitive medical plans that are effective your date of hire. Visit usbenefits.nov.com/cost-for-coverage for more information.
• FREE MDLIVE virtual visits (when enrolled in an NOV medical plan).
• FREE preventative medical and dental care for the entire family (when enrolled in an NOV medical/dental plan and seeing an in-network physician).
• FREE Basic Life and AD&D insurance at 2 times your annual salary (for full-time employees).
• All regular full-time employees start with 3 weeks of paid vacation per year (prorated based on start date). Pre-NOV relevant experience (years of service) may be considered for vacation accruals.
• All regular full-time employees receive up to 11 paid holidays per year.
• Flexible Workplace Program offering hybrid work arrangements up to two remote workdays per week