Key Responsibilities
Sourcing & Vendor Management:
Identify, evaluate, and select reliable suppliers for machinery, components, spare parts, and raw materials.
Negotiation:
Negotiate prices, payment terms, and delivery schedules with vendors to secure the best value for the company.
Procurement:
Prepare and process purchase requisitions and orders, ensuring timely delivery of materials to meet production schedules.
Cost Optimization:
Continuously work on cost reduction initiatives and analyze market trends to ensure competitive pricing.
Inventory Management:
Monitor and manage inventory levels, implementing strategies like just-in-time (JIT) procurement to optimize stock and reduce holding costs.
Quality Control:
Ensure that purchased machinery and components meet required quality standards.
Collaboration:
Liaise with other departments, such as production, design, stores, and finance, to coordinate material requirements and resolve procurement issues.
Record Keeping:
Maintain accurate records of suppliers, purchase history, price history, and inventory levels.
Compliance:
Ensure all procurement activities comply with company policies, procedures, and relevant industry standards.
Reporting:
Prepare and track purchasing reports, including market conditions and budget status.