1. Develop Procurement Strategies
• Design and implement procurement strategies aligned with the company’s objectives.
• Continuously seek ways to enhance purchasing processes and increase efficiency.
2. Supplier Management
• Identify, evaluate, and select new suppliers based on quality, price, and reliability.
• Build strong, sustainable relationships with suppliers to secure the best deals and services.
3. Negotiation and Contract Management
• Negotiate with suppliers to secure favorable terms, including pricing, delivery, and payment conditions.
• Oversee and monitor supplier contracts, ensuring adherence to contract terms.
4. Inventory Planning and Control
• Monitor inventory levels in coordination with relevant departments to avoid shortages or overstock.
• Collaborate with production and warehouse teams to ensure the continuous availability of necessary materials.
5. Market Analysis and Cost Monitoring
• Conduct market research and analysis to determine price trends and influencing factors.
• Review and update purchasing costs to ensure the company receives optimal value.
6. Reporting and Budgeting
• Prepare monthly reports on purchasing status, including material costs and inventory levels.
• Set and track purchasing budgets, ensuring spending aligns with budget expectations.
7. Cross-Department Collaboration
• Work closely with production, quality, and warehouse departments to ensure purchasing aligns with production needs and product quality standards.