· Procurement Strategy:
· Develop and implement a comprehensive procurement strategy aligned with the company's objectives and cost-saving goals.
· Identify cost-effective sources of supply while maintaining quality standards.
· Monitor market trends and industry developments to stay updated on the latest materials and pricing trends.
· Supplier Management:
· Identify, evaluate, and establish relationships with reliable suppliers, ensuring they meet quality, cost, and delivery requirements.
· Negotiate supplier agreements, contracts, and terms to secure favorable conditions for the company.
· Continuously assess supplier performance and address any issues or non-compliance promptly.
· Inventory Management:
· Maintain optimal inventory levels to meet production demands while minimizing carrying costs.
· Implement inventory control systems and conduct regular audits to ensure accuracy and efficiency.
· Work closely with production and finance teams to forecast material requirements.
· Cost Control:
· Analyze cost structures and identify opportunities for cost reduction.
· Implement cost-saving initiatives and monitor their effectiveness.
· Ensure adherence to budgetary constraints and financial objectives.
· Quality Assurance:
· Collaborate with quality control teams to ensure that purchased materials meet specified quality standards.
· Implement quality assurance processes to mitigate the risk of substandard materials entering the production process.
· Compliance:
· Stay updated on relevant laws and regulations related to procurement and supply chain activities.
· Ensure all procurement activities adhere to legal and ethical standards.
· Maintain accurate procurement records and documentation.
· Team Leadership:
· Lead, mentor, and develop a high-performing purchase department team.
· Set clear goals and expectations for team members and conduct performance evaluations.
Skills: