Job Description

1. Supplier Management and Vendor Relations

Identifying, evaluating, and qualifying potential suppliers based on quality, cost, and reliability criteria Maintaining strong relationships with existing suppliers and developing new vendor partnerships Conducting regular supplier performance reviews and audits to ensure compliance with standards Negotiating favorable terms, pricing, and service level agreements with vendors Managing supplier contracts, renewals, and terminations when necessary

2. Strategic Sourcing and Market Analysis

Conducting comprehensive market research to identify best-in-class suppliers and emerging trends Analyzing market conditions, pricing trends, and supply chain risks to inform procurement strategies Developing category-specific sourcing strategies to optimize cost and quality Benchmarking supplier performance against industry standards and competitors Identifying opportunities for consolidation and strategic partnerships

3. Purchase Order Management and Processing

Creating, reviewing, and processing purchase orders accurately and efficiently Coordinating delivery schedules with suppliers to ensure timely receipt of materials Tracking order status, expediting urgent requirements, and managing delivery exceptions Maintaining accurate procurement documentation and records for audit purposes Implementing purchase approval workflows and authorization controls

4. Cost Management and Budget Optimization

Analyzing total cost of ownership including acquisition, operational, and disposal costs Implementing cost reduction initiatives through strategic negotiations and process improvements Managing procurement budgets and ensuring adherence to approved spending limits Conducting spend analysis to identify savings opportunities and cost trends Developing business cases for capital purchases and major procurement decisions

5. Quality Assurance and Compliance

Establishing quality standards and specifications for purchased goods and services Conducting incoming inspection and quality control processes Ensuring supplier compliance with regulatory requirements and industry standards Managing non-conformance issues and implementing corrective action plans Maintaining compliance with procurement policies, procedures, and legal requirements

6. Inventory Management and Planning

Collaborating with planning teams to forecast demand and optimize inventory levels Implementing inventory control measures to minimize carrying costs and stockouts Managing safety stock levels and reorder points for critical materials Coordinating with warehouse teams for efficient receipt and storage of materials Analyzing inventory turnover and implementing strategies to reduce excess stock

7. Cross-Functional Collaboration and Communication

Working closely with finance, operations, engineering, and quality teams to understand requirements Providing procurement expertise and recommendations to internal stakeholders Facilitating communication between suppliers and internal teams Participating in product development and value engineering initiatives Supporting contract negotiations and legal review processes
Job Type: Full-time

Pay: ?15,000.00 - ?25,000.00 per month

Benefits:

Health insurance Provident Fund
Work Location: In person