What is a procurement specialist?
A procurement specialist is a professional who is responsible for the purchasing of goods and services for an organization.
They are responsible for researching and assessing potential vendors, negotiating prices and terms of contracts, and managing the ordering and delivery process.
They must also ensure that the products and services purchased are of quality and meet the organization’s standards.
Why does a business need a procurement specialist?
A procurement specialist is a valuable asset to any business because they help the organization save money by finding the best prices and terms for their purchases. They also help to ensure that the products and services they purchase are of the highest quality and meet the organization’s standards.
Additionally, they can help to streamline the purchasing process, which can help to increase efficiency and reduce costs.
Top 10 things a procurement specialist does:
- Research and assess potential vendors
- Negotiate prices and terms of contracts
- Manage ordering and delivery processes
- Ensure products and services meet quality standards
- Monitor inventory levels
- Create purchase orders
- Track and analyse spending
- Prepare reports and presentations
- Maintain vendor relationships
- Develop and implement procurement strategies
5 reasons to hire a procurement specialist:
- Cost Savings: A procurement specialist can help to save money by negotiating the best prices and terms for purchases.
- Quality Control: They can ensure the products or services purchased, meet the organization’s quality standards.
- Efficiency: They can help streamline the purchasing process to make it more efficient.
- Knowledge: A procurement specialist has expertise in the purchasing process and can help advise on the best practices.
- Expertise: They can provide valuable insight into the market and help develop more strategic procurement strategies.
How much does a procurement specialist cost in the UK?
The cost of a procurement specialist in the UK can vary depending on experience and qualifications but typically ranges from £25,000 to £50,000 per year.
Can I just use a procurement specialist on a job-by-job basis?
Yes, you can use a procurement specialist on a job-by-job basis. Depending on the size and complexity of the project, you may opt to hire a specialist on a short-term or contract basis at Hudson procure we offer a range of options for all businesses.
A day in the life of a procurement specialist!
A typical day for a procurement specialist usually begins with checking emails and responding to any urgent requests.
They will then review current orders and ensure they are on track with delivery dates.
They may also review inventory levels and place orders accordingly. After this, they will review and negotiate contracts with vendors, preparing and sending out purchase orders, and tracking and analyzing spending.
They may also research new vendors, develop and implement procurement strategies, and respond to any queries or issues.
Finally, they may also prepare reports and presentations to present to the team or upper management.
How much money can a procurement specialist save your business?
Hiring a procurement specialist can save your business money in the long run.
A procurement specialist can help to negotiate the best prices and terms for purchases and ensure the products or services purchased meet the organization’s quality standards.
Our services
Procure Consult
With Procure Consult, we offer support with tender management and ad-hoc procurement consultancy. Our expert team will manage the end-to-end procurement process or offer assistance at any stage, as and when required.
Procure Health Check
With Procure Health Check, we’ll conduct a full review of the strategic and operational procurement processes within your organisation. We’ll identify the areas that need improvement and help you drive greater value from the procurement process.
Procure Analyse
The purpose of Procure Analyse is to conduct a high-level analysis of your spending activity. We’ll help you understand your current purchasing behaviour and highlight areas that can deliver greater value. Procure Analyse is also offered as part of Procure Health Check or as a standalone service.
Procure Outsourcing
With Procure Outsourcing, we deliver a range of procurement solutions on an outsourced basis, completely bespoke to you. This can range from delivering multiple tender projects as a package to delivering the full procurement function of your organisation.
Procure Post
Are you trying to find a supplier for your project? Post your tendering opportunity onto any of our 11 sector-specific portals for FREE with Procure Post!
Housed by our sister company, Hudson Discover, our portals host thousands of tendering opportunities for organisations of all sizes. For an additional cost, we’ll even help you identify your requirements and find the most suitable suppliers for your business.
Get in touch for a consultation and find out how we can help your business drive better value from procurement.
