Key Responsibilities:
Supplier Sourcing and Management:
Research and identify potential suppliers.
Evaluate supplier performance and negotiate contracts.
Build and maintain strong relationships with suppliers.
Procurement Planning and Execution:
Understand and anticipate procurement needs of different departments.
Prepare and process purchase orders.
Monitor and track orders to ensure timely delivery.
Cost Management and Negotiation:
Negotiate favorable terms and pricing with suppliers.
Analyze market trends and pricing to ensure cost-effectiveness.
Monitor and analyze purchase expenses.
Inventory Management:
Monitor stock levels and place orders as needed.
Ensure proper storage and handling of goods.
Quality Control:
Review the quality of purchased products and services.
Address any quality issues or discrepancies.
Record Keeping and Reporting:
Maintain accurate records of purchases, pricing, and supplier information.
Prepare reports on purchases, including cost analyses.
Compliance:
Ensure compliance with company policies, legal requirements, and ethical standards.