Procurement Planning:
Identify material and service requirements in coordination with various departments.
Plan and prioritize purchases based on project deadlines and stock levels.
Vendor Management:
Identify, evaluate, and develop relationships with reliable suppliers.
Obtain quotations, compare prices, quality, and delivery terms.
Negotiate terms and finalize purchase agreements.
Purchase Order Management:
Prepare and issue Purchase Orders (POs) in accordance with company policies.
Ensure accuracy in order details such as quantity, specifications, and delivery schedules.
Track and expedite orders to ensure timely delivery.
Inventory Coordination:
Coordinate with the stores and warehouse team to ensure materials are received, stored, and issued properly.
Monitor stock levels and initiate reordering when required.
Cost Optimization:
Source cost-effective and high-quality materials without compromising on standards.
Continuously look for ways to reduce procurement costs.
Documentation & Compliance:
Maintain updated records of purchases, pricing, and supplier contracts.
Ensure all procurement activities comply with internal policies and legal requirements.
Vendor Evaluation & Audits:
Assist in periodic evaluation of vendor performance in terms of quality, delivery, and service.
Support internal or external audits related to procurement.
Cross-functional Coordination:
Coordinate with Accounts for invoice verification and payment processing.
Work with the Production, Quality, and Logistics departments for smooth operations.
Market Research:
Stay updated with market trends, new suppliers, and alternate products.
Evaluate new suppliers and conduct due diligence.
ERP/System Usage:
Use procurement software or ERP systems (like SAP, Tally, Oracle, etc.) for purchase entries, tracking, and reporting.