Procurement Associate

Position Purpose

The Procurement Associate is responsible for managing and optimizing the procurement process to ensure the timely and cost-effective acquisition of goods and services essential for the organization's operations. This role involves collaborating with internal stakeholders, identifying suitable vendors, negotiating contracts, and maintaining strong relationships with suppliers. The Procurement Associate plays a critical role in achieving cost savings, ensuring compliance with relevant regulations, and contributing to overall supply chain efficiency. By overseeing the procurement lifecycle, this position aims to secure high-quality products and services while mitigating risks and supporting the organization's strategic goals.

Key Accountabilities

• Identify and evaluate potential vendors based on product quality, price, and reliability.
• Maintain strong relationships with existing vendors and negotiate favorable terms and agreements.

Procurement Process:

• Oversee the entire procurement process from requisition to delivery.
• Collaborate with internal departments to determine procurement needs and specifications.
• Analyze market trends and conditions to ensure cost-effectiveness.

Contract Negotiation:

• Negotiate contracts and agreements with vendors to secure advantageous terms.
• Ensure that contracts comply with company policies and regulations.

Cost Management:

• Monitor and control procurement-related costs, seeking opportunities for cost reduction.
• Analyze and report on procurement KPIs to identify areas for improvement.

Compliance and Risk Management:

• Ensure compliance with relevant laws, regulations, and organization policies.
• Identify and mitigate procurement-related risks.

Quality Assurance:

• Collaborate with vendors to ensure that products and services meet specified standards.
• Address any quality issues with vendors promptly.

Additional Responsibilities and Tasks:

• Fulfill and execute additional responsibilities and tasks delegated by the Head of Department (HOD) - Procurement or Team Leads, as necessitated by emerging requirements within the department.

Knowledge and Skills:

• Proven work experience as a Procurement Associate or similar role.
• Detail-oriented with strong analytical and problem-solving abilities.
• Proficiency in Event Management would be considered an advantageous asset.
• Prior experience of HVAC, Electrical and Civil procurement will be an added advantage.
• Excellent knowledge of ERP preferably SAP.
• Excellent organizational and time-management skills.
• Working knowledge of MS Office.

Qualification and Experience:

• Bachelor's degree in Business, Supply Chain Management, or a related field.
• At least 1 to 3 years of experience.

Travel/Work Schedule

Travel may be required. Business hours (8:30 am to 5:00 pm) often extend into the evenings and weekends to accommodate the needs of current workloads and event schedules.

If you believe you meet the essential criteria mentioned above, please apply through our LinkedIn job portal.

What We Offer:

LUMS offers a dynamic work culture that encourages learning and innovation, skills development, and contribution to areas beyond your job role. You will have the opportunity to learn and interact with the best academic minds in Pakistan, as well as to work with highly experienced professionals.

LUMS is an equal opportunity employer. We celebrate diversity and are committed to building an inclusive workplace for all our employees. We do not discriminate on the basis of gender, race, religion, caste, ethnicity, age, non-disqualifying physical or psychological disability or social status. Candidates belonging to minority groups are encouraged to apply.

Associate

Full-time

Purchasing, Administrative, and Supply Chain

Higher Education and Education