Sourcing and Supplier Management:
Identifying, evaluating, and selecting suppliers, establishing relationships, and managing vendor performance.
Negotiation and Contract Management:
Negotiating prices and terms, drafting and managing contracts, and ensuring compliance with legal and ethical standards.
Purchasing and Order Management:
Initiating and managing purchase orders, ensuring timely delivery, and resolving any issues.
Cost Analysis and Savings:
Analyzing market trends, identifying cost-saving opportunities, and recommending strategies to improve procurement efficiency.
Inventory Management:
Monitoring inventory levels, forecasting demand, and coordinating with stores to manage stock.
Reporting and Analysis:
Preparing reports on procurement activities, analyzing data to identify trends and opportunities, and providing recommendations for improvement