Key Responsibilities:
Supplier Management:
Identifying and evaluating potential suppliers, negotiating contracts, and maintaining strong relationships with vendors.
Procurement Planning:
Collaborating with internal departments to understand their needs, forecasting demand, and planning procurement activities.
Cost Optimization:
Monitoring market trends, analyzing pricing, and negotiating favorable terms to minimize procurement costs.
Inventory Management:
Tracking inventory levels, ensuring timely delivery of materials, and preventing shortages or overstocking.
Compliance and Documentation:
Ensuring compliance with company policies, legal requirements, and ethical standards, while maintaining accurate records of purchases and supplier information.
Skills and Qualifications:
Negotiation Skills: Strong ability to negotiate favorable terms with suppliers.
Analytical Skills: Ability to analyze market trends, pricing, and product availability.
Communication Skills: Effective communication with both internal teams and external suppliers.
Organizational Skills: Ability to manage multiple tasks, prioritize effectively, and maintain accurate records.
Knowledge of Procurement Processes: Understanding of the entire procurement cycle, from sourcing to payment.