Procurement Planning: Develop and implement procurement strategies that align with company goals, considering quality, cost efficiency, and on-time delivery.
Supplier Management: Identify and evaluate suppliers, negotiate contracts, and establish strategic relationships to secure the best prices and terms.
Vendor Performance: Monitor and evaluate vendor performance, ensuring adherence to contractual agreements, quality standards, and delivery schedules.
Inventory Control: Coordinate with internal departments to ensure inventory levels are maintained at optimal levels to meet business demands.
Negotiation: Lead price negotiations with suppliers to achieve maximum cost reduction and better terms.
Quality Assurance: Work with suppliers to resolve any quality issues and ensure purchased materials meet specifications.
Documentation & Compliance: Maintain accurate procurement records and ensure compliance with relevant policies, regulations, and standards.
Market Research: Keep abreast of market trends, changes in demand, emerging suppliers, and cost fluctuations to inform procurement strategies.
Collaboration: Work closely with the finance, project, and operations teams to forecast procurement needs and set budgets.
Risk Management: Identify and mitigate potential risks in the procurement process, including supply chain disruptions.