Procurement Specialist in Princeton, NJ

Procurement Specialist Job Description

Procurement specialists need excellent communication and negotiation skills to build relationships with vendors and suppliers. Firms look for candidates with strong business and financial acumen, including the ability to interpret financial data and identify potential cost savings. Top candidates have a deep understanding of industry standards and regulations, as well as proficiency with enterprise resource planning (ERP) systems. Generally, employers look for professionals with a bachelor’s degree in a business-related field and at least two years of experience in procurement or supply chain management.

Typical procurement specialist duties:

Negotiating contracts with vendors and managing relationships with suppliers

Monitoring and analyzing market trends and researching industry suppliers

Establishing quality assurance standards and verifying the quality of purchased products

Maintaining accurate records of purchases and expenses

Managing inventory levels and tracking orders to ensure timely delivery

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SAP S/4HANA

Microsoft Excel

MRO

ERP Solutions

Spreadsheets

Procurement

Suppliers

Vendors

Materials Handling

Pricing

Salary for Procurement Specialist in Princeton, NJ

56250 - 87500

25th percentile

56250

New to the role, with little or no experience; requires more than casual instruction or supervision to perform day-to-day duties

50th percentile

71875

Has the experience to consistently perform core responsibilities without direct supervision; very comfortable with processes and subject matter associated with the role

75th percentile

87500

Value to the organization goes far beyond the ability to perform normal job duties; has rare qualifications that enable consistent contribution in unique ways; ready for next career level when available

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