Strategically source and negotiate with suppliers to secure the best pricing, terms, and delivery schedules, ensuring cost-effectiveness and value for the company.
Develop and maintain strong relationships with key suppliers, fostering collaboration and ensuring consistent quality and supply chain resilience.
Manage the entire procurement lifecycle, from identifying needs and issuing purchase orders to tracking deliveries and resolving any discrepancies.
Analyze market trends and supplier performance to identify opportunities for improvement and optimize procurement processes.
Implement and enforce procurement policies and procedures, ensuring compliance with company standards and regulatory requirements.
Conduct thorough due diligence on potential suppliers, assessing their financial stability, capabilities, and adherence to ethical standards.
Monitor and manage inventory levels, ensuring optimal stock levels and minimizing waste or obsolescence.
Prepare and present procurement reports, including spend analysis, cost savings, and supplier performance metrics.
Collaborate with internal stakeholders, such as engineering, production, and finance, to understand their needs and align procurement activities.
Continuously seek opportunities to improve procurement efficiency through process optimization and the adoption of new technologies.
