• Procurement Planning
o Collaborate with departments to forecast procurement needs and develop purchasing plans.
o Assess inventory levels and determine optimal order quantities.
• Contract Negotiation
o Negotiate contracts and pricing with suppliers to secure the best possible terms for the company.
o Review and manage contract compliance and renewals.
• Order Management
o Process purchase orders, ensuring accuracy and timely fulfillment.
o Monitor order status and track deliveries to ensure on-time receipt of goods.
• Budget Management
o Manage procurement budgets and track expenditures to identify cost-saving opportunities.
o Ensure procurement activities align with financial guidelines and constraints.
• Quality Assurance
o Establish and monitor quality standards for purchased goods and services.
o Address any issues related to supplier performance or product quality.
• Reporting and Documentation
o Maintain accurate records of procurement activities and supplier contracts.
o Prepare reports on procurement performance, cost savings, and inventory levels.
• Compliance and Risk Management
o Ensure compliance with company policies, industry regulations, and ethical sourcing practices.
o Identify and mitigate risks associated with the procurement process.