Supplier Sourcing & Management : Identify, evaluate, and manage suppliers to ensure the best prices, quality, and delivery times. Build strong relationships with key suppliers.Procurement Planning : Monitor inventory levels and coordinate with various departments to forecast material and product needs. Place orders based on project or production requirements.Price Negotiation : Negotiate pricing, terms, and conditions with suppliers to ensure cost-effectiveness and favorable terms for the organization.Order Management : Process purchase orders, ensuring all necessary details are captured, and track orders to ensure timely delivery.Inventory Management : Monitor and maintain optimal inventory levels to avoid stockouts or overstocking. Work closely with the warehouse and inventory teams.Quality Control : Ensure purchased materials / products meet the company s quality standards and specifications.Vendor Performance Monitoring : Track supplier performance on quality, cost, and delivery timelines. Resolve any supply chain or quality issues as they arise.Documentation & Reporting : Maintain accurate records of purchases, contracts, and supplier communications. Provide regular reports to management regarding purchasing activities and savings.Compliance : Ensure adherence to internal policies, legal regulations, and industry standards regarding procurement practices.Cost Management : Identify opportunities for cost reduction without compromising quality. Stay updated on market trends and material costs.Skills and Qualifications :
- Educational Requirements : Bachelors degree in Business, Supply Chain Management, or related field. Certification in purchasing or procurement (e.g., CIPS) is a plus.
- Experience : At least 7-8 years of experience in procurement or purchasing, ideally in a relevant industry.
Skills Required
supplier negotiation , Inventory Management, Cost Analysis, Contract Management