Identify and evaluate potential suppliers based on factors like price, quality, delivery time, and reliability.
Conduct market research to understand pricing trends and identify new vendors.
Vendor Development:
Build and maintain strong relationships with vendors.
Negotiate contracts and purchase orders with suppliers.
Performance Monitoring:
Track vendor performance, including on-time delivery, quality compliance, and adherence to agreed-upon terms.
Address any vendor-related issues or discrepancies.
2. Procurement Processes:
Purchase Requisition Processing:
Review and process purchase requisitions from various departments.
Ensure the accuracy and completeness of requisitions.
Order Placement & Tracking:
Place purchase orders with selected vendors.
Track orders from placement to delivery.
Inventory Management:
Coordinate with the warehouse team to ensure timely receipt and storage of goods.
Expediting Orders:
Follow up on delayed orders to ensure timely delivery.
3. Cost Control:
Negotiate prices and discounts with vendors.
Identify cost-saving opportunities through competitive bidding, bulk purchases, and other strategies.
Monitor and control purchase expenses to stay within budget.
4. Documentation & Reporting:
Maintain accurate records of all procurement activities.
Prepare purchase reports, including vendor performance reports and cost analysis reports.
Ensure compliance with company policies and procedures.
Skills Required:
Excellent negotiation and communication skills
Strong analytical and problem-solving skills
Proficiency in
Microsoft Excel
and other relevant software
Good organizational and time management skills
Detail-oriented and accurate
Strong interpersonal and relationship-building skills