Supplier Management:
Identify, evaluate, and develop relationships with suppliers based on price, quality, and reliability.
Negotiation:
Negotiate contracts, pricing, and terms with vendors to achieve cost-effective deals.
Order & Delivery Management:
Prepare and process purchase orders, track their status, and ensure timely delivery of materials and services to meet production schedules.
Inventory Control:
Monitor and maintain inventory levels to prevent stockouts and optimize stock turnover.
Quality Assurance:
Ensure that purchased products and services meet the company's quality standards and expectations.
Record Keeping:
Maintain accurate and updated records of purchases, pricing, delivery information, and invoices.
Market Research:
Stay informed about market trends, new products, and changes in regulations to identify cost-saving opportunities and best practices.
Internal Collaboration:
Work with cross-functional teams (e.g., finance, production, sales) to understand their purchasing needs and requirements.
Issue Resolution:
Resolve issues, discrepancies, and disputes with suppliers or related to deliveries.
Cost Management:
Analyze spending patterns, forecast costs, and implement cost-saving initiatives to meet budgetary goals.
Compliance:
Ensure all procurement activities comply with company policies and relevant regulatory requirements.