About the role
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Procurement Strategy:
- Develop and implement purchasing strategies aligned with the company's objectives.
- Evaluate market trends to identify cost-saving opportunities and minimize risks.
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Vendor Management:
- Identify, evaluate, and onboard suppliers that meet quality and cost criteria.
- Establish and maintain long-term relationships with reliable vendors and suppliers.
- Conduct regular performance reviews of suppliers to ensure service quality and compliance.
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Inventory and Cost Control:
- Manage inventory levels and coordinate with warehouse and production teams.
- Optimize procurement costs without compromising quality or delivery timelines.
- Monitor and analyze spending patterns to maintain budgetary control.
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Negotiation and Contract Management:
- Negotiate terms, pricing, and contracts with suppliers to achieve favorable conditions.
- Ensure contracts are in compliance with legal and company policies.
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Process Improvement:
- Streamline and enhance procurement processes to improve efficiency and transparency.
- Implement digital tools or systems for effective purchase tracking and reporting.
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Compliance and Documentation:
- Ensure adherence to regulatory requirements and company policies during procurement.
- Maintain accurate records of purchase orders, contracts, and supplier performance.
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Team Leadership:
- Lead and mentor the procurement team to achieve departmental objectives.
- Provide training and guidance on procurement best practices.