Purchasing and supply management is an important role for any business or organisation. More than two thirds of revenue is spent on buying the company's products or services, meaning the purchasing manager can make a real difference in cost saving and profit.
Forecasting levels of demand for services and products to meet the business needs and keeping a constant check on stock levels;
Conducting research to ascertain the best products and suppliers in terms of best value, delivery schedules and quality;
Liasoning between suppliers, manufacturers, relevant internal departments and customers;
Identifying potential suppliers, visiting existing suppliers, and building and maintaining good relationships with them;
Negotiating and agreeing contracts and monitoring their progress, checking the quality of service provided;
Processing payments and invoices;
Keeping contract files and using them as reference for the future;
Forecasting price trends and their impact on future activities;
Giving presentations about market analysis and possible growth;
Developing an organisation's purchasing strategy;
Producing reports and statistics using computer software;
Evaluating bids and making recommendations based on commercial and technical factors;
Ensuring suppliers are aware of business objectives;
Take approval for payment and send to Accounts Department for payment for new purchases and for regular procurements follow vendor registration document
To check stocks periodically, randomly and to tally with the stock statement.
Training and supervising the work of other members of staff assisting and coordinating with purchase department
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