Key Responsibilities:
- Understand production schedules and forecast material requirements.
- Identify, evaluate, and negotiate with vendors to establish long-term partnerships.
- Ensure the timely delivery of materials by coordinating with suppliers.
- Conduct vendor performance evaluations based on quality, cost, and delivery timelines.
- Negotiate pricing and payment terms to achieve cost savings without compromising quality.
- Monitor and control procurement budgets.
- Collaborate with the inventory team to maintain optimal stock levels.
- Avoid overstocking and stockouts by planning procurement activities efficiently.
- Ensure purchased materials meet quality standards and specifications.
- Coordinate with the quality control team for inspections and approvals.
- Prepare and maintain purchase orders, contracts, and related documentation.
- Ensure compliance with company policies and regulatory requirements.
- Stay updated on market trends, pricing, and supplier capabilities.
- Identify opportunities for process improvement and cost reduction.
- Work closely with production, inventory, and finance teams to streamline procurement operations.
Key Skills and Competencies:
- Strong negotiation and communication skills.
- Proficiency in procurement software and ERP systems.
- Analytical thinking and problem-solving abilities.
- Knowledge of supply chain management and vendor evaluation.
- Familiarity with manufacturing processes and material specifications.
Qualifications and Experience:
- Education: Bachelors degree in Supply Chain Management, Business Administration, or a related field.
- Experience: 2-4 years of experience in procurement, preferably in the manufacturing industry.