1. Procurement of Goods & Services: Identify, source, and purchase goods and services required for business operations.
2. Vendor Management: Establish and maintain relationships with suppliers, negotiate prices, and ensure timely deliveries.
3. Inventory Management: Monitor stock levels and order supplies to prevent shortages.
4. Purchase Orders: Create and manage purchase orders, ensuring accuracy in order specifications.
5. Quality Assurance: Ensure that products meet quality standards and specifications.
6. Budget Management: Work within the allocated budget for purchases, striving to achieve cost savings without compromising quality.
7. Record Keeping: Maintain accurate records of purchases, prices, deliveries, and invoices.
8. Follow-Up: Track order statuses and follow up with vendors regarding deliveries or issues.
9. Market Research: Stay informed on market trends and potential suppliers to ensure the company gets the best prices and quality.