Purchasing ROLE
– Key Responsibilities:
1. Supplier Management:
o Identify and evaluate potential suppliers.
o Develop and maintain relationships with suppliers to ensure quality and cost-effectiveness.
o Negotiate terms, prices, and delivery schedules with suppliers.
2. Procurement Process:
o Manage the end-to-end procurement process, including requisition, purchase order creation, and receipt of goods and services.
o Ensure timely and accurate processing of purchase orders and invoices.
o Monitor and manage inventory levels to prevent shortages or overstock situations.
3. Contract Management:
o Draft, review, and manage contracts with suppliers (Order Invoice)
o Ensure compliance with contract terms and conditions.
o Resolve any disputes or issues related to contracts.
4. Cost Management: o Analyze market trends and supplier pricing to ensure competitive pricing.
o Identify cost-saving opportunities and implement cost-reduction strategies.
5. Compliance and Documentation:
o Ensure procurement activities comply with company policies and procedures.
o Maintain accurate and up-to-date records of all procurement activities and documentation.
o Prepare and present procurement reports to management as needed.
6. Collaboration:
o Work closely with other departments to understand their procurement needs and ensure alignment with overall company objectives. o Collaborate with finance and accounting teams to manage budgets and resolve financial discrepancies.