Sourcing and Supplier Management : Identifying potential suppliers, evaluating vendor proposals, and managing relationships with suppliers to ensure quality and timely delivery of goods / servicesProcurement Strategy : Developing and implementing procurement strategies aligned with the company's goals, cost-saving initiatives, and efficiency improvementsNegotiation : Negotiating contracts, prices, terms, and conditions with suppliers to secure favorable terms for the organizationInventory Management : Overseeing inventory levels, forecasting demand, and maintaining appropriate stock levels to meet operational needs without overstockingPurchase Orders and Documentation : Creating and managing purchase orders, contracts, and other procurement-related documentation, ensuring accuracy and complianceCost Optimization : Finding cost-effective solutions, analyzing spending patterns, and optimizing purchasing processes to reduce costs while maintaining quality standardsCompliance and Regulations : Ensuring compliance with procurement policies, legal requirements, and ethical standardsSkills and Qualifications : Procurement Expertise : Strong understanding of procurement processes, sourcing methods, and supply chain managementNegotiation Skills : Ability to negotiate contracts, prices, and terms with suppliers / vendorsAnalytical Thinking : Capacity to analyze data, trends, and market conditions to make informed purchasing decisionsCommunication Skills : Excellent communication and interpersonal skills to interact with suppliers, vendors, and internal stakeholdersDecision-Making : Ability to make informed decisions considering various factors such as cost, quality, and supplier reliabilitySkills Required
supplier relationship management , Negotiation, Supply Chain Management