- Develop and execute short- and long-term procurement strategies to ensure alignment with production schedules and cost targets.
- Collaborate with finance and operations departments to forecast procurement budgets and manage costs effectively
- Identify, qualify, and continuously evaluate suppliers based on quality, capacity, cost, and delivery performance.
- Negotiate contracts, payment terms, service-level agreements, and pricing conditions with key suppliers.
- Build strong relationships with key suppliers and resolve any issues regarding delivery delays, quality, or payment terms.
- Implement cost-saving initiatives through value engineering, alternate sourcing, and renegotiation
- Monitor supplier performance and maintain approved vendor lists.
- Ensure compliance with internal procurement policies and ISO/quality standards.
- Ensure all procurement transactions are documented and compliant with internal policies, external regulations, and audit requirements.
- Manage purchasing activities through ERP systems to ensure data accuracy and real-time tracking.
- Establish alternative sourcing plans and contingency strategies to reduce supply chain risks.
- Lead, mentor, and coach the purchasing team; assign tasks and ensure efficient workload distribution.
- Set team goals and regularly assess performance through KPIs and development plans.
- Provide training and knowledge sharing to improve sourcing techniques and negotiation skills.
- Monitor and ensure timely processing of local supplier payments.
- Prepare and issue purchase orders for foreign procurement.
- Coordinate with the Logistics team to track and follow up on international shipments.
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