Collaborating with internal stakeholders to determine procurement needs, specifications, and timelines. Developing procurement plans and strategies to support organizational goals and objectives.
Identifying, evaluating, and selecting suppliers based on factors such as price, quality, reliability, and delivery capabilities. Establishing and maintaining relationships with suppliers to ensure timely delivery of goods and services.
Negotiating contracts, prices, terms, and conditions with suppliers to obtain the best possible value for the organization. This includes negotiating discounts, payment terms, and service level agreements.
Creating and processing purchase orders accurately and efficiently. Ensuring purchase orders are properly authorized, tracked, and communicated to suppliers.
Monitoring inventory levels and implementing inventory control measures to optimize stock levels while minimizing carrying costs and stockouts. Conducting regular inventory audits and reconciliations to maintain accuracy.
Coordinating with logistics and warehouse teams to ensure timely receipt, storage, and distribution of purchased goods. Managing logistics and transportation arrangements as needed.
Ensuring procurement activities comply with organizational policies, procedures, and regulatory requirements. Maintaining accurate records of purchases, contracts, and supplier communications.
Monitoring and analyzing procurement costs, identifying cost-saving opportunities, and implementing cost reduction strategies without compromising quality or service levels.
Identifying potential risks in the supply chain and developing strategies to mitigate them. This includes having contingency plans for supplier disruptions or other supply chain issues.
Generating reports and providing analysis on procurement and inventory metrics, such as spend analysis, supplier performance, inventory turnover, and cost savings. Presenting findings and recommendations to management
