Procurement Specialist I

WORK LOCATION: Ann Arbor
FLSA STATUS: Exempt
SALARY RANGE: The anticipated salary range for this role is $61,173 to $81,100 annually. This range reflects a good faith estimate based on the targeted level for the role and typical compensation benchmarks across U.S. locations. Actual compensation may vary depending on the selected candidate’s qualifications, experience, geographical location, and internal alignment.
SUMMARY
The Procurement Specialist, with moderate supervision, is responsible for the day-to-day purchasing activity of the company, following established company policy and procedures. The Procurement Specialist is responsible for sourcing and purchasing the best quality materials, goods, and services at the most competitive prices. This role involves negotiating with suppliers, managing inventory, and ensuring that all procurement activities comply with company policies and procedures.
RESPONSIBILITIES
The following job functions are a basic requirement but are not limited to and may be assigned other duties.
Purchase materials and supplies to support company objectives
Ensure compliance with all regulatory requirements and company policies.
Identify and evaluate potential suppliers based on quality, price, and delivery speed.
Negotiate contracts, terms, and pricing with suppliers.
Monitor inventory levels and forecast future supply needs.
Ensure timely delivery of materials and services.
Maintain accurate records of purchases, pricing, and other important data.
Collaborate with other departments to understand their procurement needs.
Develop and implement procurement strategies to improve efficiency and reduce costs.
Monitor and resolve quality issues or discrepancies with suppliers promptly.
Coordinate with Accounting to ensure on-time payments are made to suppliers and compliance for billing.
Report weekly KPIs
REQUIRED QUALIFICATIONS
2+ Years of experience as a Procurement Specialist or in a similar role.
Strong negotiation and communication skills.
Excellent organizational and time-management abilities.
Proficiency in procurement software and Microsoft Office Suite.
Knowledge of market research, data analysis, and purchasing best practices.
Ability to work independently and as part of a team.
PREFERRED QUALIFICATIONS
Bachelor's