Brief Strategy Development :
- Develop and implement procurement strategies aligned with business objectives, including supplier selection, negotiation, and contract management.
Supplier Relationship Management :
Cultivate and maintain strong relationships with suppliers, ensuring reliable and cost-effective supply of edible oil, packaging materials, and machinery.Monitor supplier performance and address any issues or concerns promptly.Cost Optimization :
Continuously identify opportunities for cost savings and efficiency improvements in procurement processes.Negotiate favorable terms and conditions with suppliers to maximize value for the company.Quality Assurance :
Collaborate with quality control and assurance teams to ensure that all procured materials and equipment meet established quality standards and regulatory requirements.Inventory Management :
Oversee inventory levels of raw materials and machinery components, balancing supply and demand to minimize stock outs and excess inventory.Implement inventory control measures to optimize working capital.Cross-Functional Collaboration :
Work closely with production, logistics, and finance teams to coordinate procurement activities and support seamless operations.Communicate effectively with internal stakeholders to understand their requirements and address any procurement-related issues.Market Research and Analysis :
Stay informed about market trends, industry developments, and emerging technologies related to edible oil, packaging, and machinery.Conduct regular market analysis to identify new suppliers, products, and opportunities for innovation.Risk Management :
Identify and mitigate risks associated with procurement, including supply chain disruptions, price fluctuations, and quality issues.Develop contingency plans to minimize the impact of potential disruptions on operations.ref : iimjobs.com)