Job Description

• Procurement Planning: Develop and implement procurement strategies and plans to meet the company's operational needs and objectives.
• Supplier Management: Identify, evaluate, and select suppliers based on criteria such as price, quality, availability, and reliability. Negotiate contracts and terms with suppliers to secure favorable terms and conditions.
• Purchase Order Management: Generate purchase orders and manage the procurement process from requisition to delivery, ensuring timely and accurate fulfillment of orders.
• Inventory Management: Monitor inventory levels and stock availability to prevent stockouts and minimize excess inventory. Coordinate with warehouse and logistics teams to optimize inventory levels and storage space.
• Cost Optimization: Analyze procurement costs and identify opportunities for cost savings and efficiency improvements. Implement cost-saving initiatives such as supplier consolidation, volume discounts, and alternative sourcing strategies.
• Quality Assurance: Ensure that purchased goods and services meet the company's quality standards and specifications. Conduct supplier audits and inspections as needed to assess compliance with quality requirements.
• Compliance and Risk Management: Ensure compliance with company policies, procurement regulations, and legal requirements. Identify and mitigate procurement-related risks, such as supply chain disruptions and supplier non-compliance.
• Vendor Performance Evaluation: Monitor supplier performance and conduct regular reviews to assess performance against key performance indicators (KPIs) such as delivery times, quality, and responsiveness.
• Reporting and Analysis: Prepare reports and analytics on procurement activities, including spending trends, supplier performance, and cost savings initiatives. Use data and insights to drive informed decision-making and continuous improvement.