Procurement Strategy: Develop and implement effective procurement strategies to ensure the timely acquisition of goods and services required for operations.
Supplier Management: Establish and maintain strong relationships with suppliers, negotiate contracts, and monitor supplier performance.
Cost Management: Ensure cost-effective purchasing while maintaining product quality and availability. Negotiate prices and delivery terms to achieve budget goals.
Inventory Management: Monitor inventory levels and collaborate with the warehouse and production teams to ensure optimum stock levels are maintained, avoiding both overstocking and stockouts
Vendor Selection: Research and identify reliable suppliers, evaluate bids, and conduct product sourcing to meet the company’s requirements.
Vendor Selection: Research and identify reliable suppliers, evaluate bids, and conduct product sourcing to meet the company’s requirements.
Compliance & Documentation: Ensure all purchasing activities comply with company policies, legal regulations, and quality standards. Maintain accurate records and documentation for all purchase transactions.
Team Collaboration: Work closely with other departments (Production, Finance, and Logistics) to align purchasing decisions with operational goals.
Market Research: Continuously evaluate market trends, new products, and emerging suppliers to make informed purchasing decisions.