Position Summary:
Responsible for procuring goods and services needed for the organization's operations while ensuring cost-effectiveness, quality, and timely delivery. Collaborate with various internal teams and external suppliers to maintain an efficient procurement process and support the organization's overall goals.
Responsibilities
-
Identify potential suppliers and maintain a comprehensive supplier database
-
Conduct market research to stay updated on industry trends and supplier capabilities
-
Negotiate favorable terms, prices, and contracts with suppliers
-
Evaluate and manage supplier performance, addressing any issues or concerns promptly
-
Receive and review purchase requisitions from various departments
-
Verify specifications, quantities, and delivery requirements in purchase requisitions
-
Generate accurate purchase orders and ensure their timely submission to suppliers
-
Track and monitor the status of purchase orders to ensure on-time deliveries
-
Analyze and compare supplier prices and terms to ensure cost-effectiveness
-
Work closely with the finance department to create and manage procurement budgets
-
Identify opportunities for cost savings without compromising quality
-
Collaborate with the warehouse team to maintain optimal inventory levels
-
Monitor stock levels and initiate orders to replenish inventory as needed
-
Ensure proper documentation and record-keeping of all inventory-related transactions
-
Collaborate with the Quality Control department to ensure purchased items meet quality standards
-
Address and resolve any quality issues related to purchased goods or services
-
Build and maintain positive relationships with suppliers and vendors
-
Facilitate regular meetings and performance reviews with key suppliers
-
Ensure procurement activities comply with relevant laws, regulations, and company policies
-
Manage the documentation and record-keeping required for audits and compliance purposes
-
Work closely with the Finance department to create and manage procurement budgets
-
Monitor and control procurement expenditures to ensure adherence to budgetary constraints
-
Identify cost-saving opportunities without compromising quality
-
Identify potential risks related to procurement activities and develop strategies to mitigate them
-
Monitor external factors that may impact the supply chain and take appropriate actions
-
Prepare regular reports on procurement activities, including spending trends, supplier performance, and cost analysis
-
Provide insights and recommendations to management based on procurement data
-
Continuously assess and improve procurement processes and procedures
-
Implement best practices to enhance the efficiency of the procurement function