Job Description

Key Responsibilities:

Sourcing and Vendor Selection:-
Identifying and evaluating potential suppliers and vendors.
Negotiating contracts and pricing with suppliers.
Building and maintaining strong relationships with vendors.
Ensuring suppliers meet quality, delivery, and ethical standards.
Procurement Planning and Execution:-
Developing and implementing strategic sourcing plans.
Analyzing market trends and forecasting demand.
Managing inventory levels and ensuring timely deliveries.
Tracking and recording orders and payments.
Cost Management and Negotiation:-
Negotiating favorable terms and conditions with suppliers.
Analyzing costs and identifying opportunities for cost reduction.
Preparing and managing procurement budgets.
Compliance and Risk Management:-
Ensuring compliance with company policies and procedures.
Adhering to legal and ethical standards in procurement.
Managing risks associated with procurement activities.
Communication and Collaboration:-
Working with internal stakeholders to understand their needs.
Communicating effectively with suppliers and vendors.
Collaborating with other departments, such as finance and operations.