Key Responsibilities:
Sourcing and Supplier Management:
Identifying and evaluating potential suppliers, negotiating contracts, and maintaining strong relationships with vendors.
Procurement Process:
Managing purchase orders, tracking orders, and ensuring timely delivery of materials.
Cost Management:
Analyzing costs, identifying cost-saving opportunities, and implementing cost reduction initiatives.
Inventory Management:
Monitoring stock levels, placing orders as needed, and managing inventory to prevent shortages or overstocking.
Quality Control:
Ensuring that purchased goods and services meet the required quality standards.
Record Keeping:
Maintaining accurate records of purchases, pricing, and supplier information.
Compliance:
Ensuring compliance with company policies, legal requirements, and ethical standards.
Collaboration:
Working with internal departments to understand their procurement needs and collaborating with cross-functional teams.
Reporting:
Preparing reports on purchases, including cost analysis, and providing regular updates on orders and inventory.
Market Research:
Staying informed about market trends, pricing, and product availability.