Job Description
Procurement and Sourcing:
- Research, identify, and evaluate potential suppliers for goods and services required by the company.
- Negotiate favorable terms, pricing, and delivery schedules with suppliers and vendors.
- Develop and maintain strong relationships with suppliers to ensure the best prices, quality, and reliability.
- Prepare and issue purchase orders, track order status, and resolve any issues related to product availability and delivery delays.
Transaction Management:
- Oversee the processing of procurement transactions, ensuring accuracy, completeness, and compliance with internal procedures.
- Record and monitor all procurement-related transactions in the company's systems
- Ensure that invoices and payment terms are accurately processed and reconciled with purchase orders.
Compliance and Reporting:
- Ensure all procurement activities comply with company policies, industry regulations, and environmental guidelines.
- Prepare and submit regular reports on procurement activities, spending, and inventory status to senior management.
- Assist with audits by providing necessary documentation and information related to procurement transactions.
Cost Management and Budgeting:
- Assist in preparing and monitoring procurement budgets to ensure cost-effective purchasing decisions.
- Identify cost-saving opportunities through process improvements, supplier negotiations, or bulk purchasing.
- Evaluate supplier performance and conduct periodic reviews to ensure cost-efficiency and quality standards are met.