1. Strategic Procurement Management

• Develop and implement procurement strategies aligned with company goals and objectives.
• Monitor and analyze market trends and industry best practices to optimize pricing and quality.
• Establish and enforce procurement policies and procedures to ensure operational efficiency.
• Track procurement KPIs and implement continuous improvement initiatives.
• Ensure cost reduction strategies are in place while maintaining quality and efficiency.

2. Supplier & Contract Management

• Identify, evaluate, and negotiate with suppliers to secure cost-effective agreements.
• Establish and maintain strong vendor relationships and long-term partnerships.
• Oversee contract negotiations to ensure compliance with legal and company standards.
• Monitor supplier performance to ensure adherence to service-level agreements (SLAs) and quality benchmarks.
• Identify and mitigate risks associated with supplier relationships.

3. Procurement Operations & Cost Control

• Approve purchase requisitions and ensure alignment with the procurement budget.
• Evaluate procurement requests to confirm compliance with organizational policies and objectives.
• Optimize procurement processes to reduce costs and enhance turnaround time.
• Implement cost-saving initiatives while maintaining service levels

4. Market Knowledge & Risk Management

• Conduct regular market research to track pricing trends and emerging supplier innovations.
• Analyze market fluctuations and industry developments to make informed procurement decisions.
• Identify and mitigate potential risks in procurement operations.
• Ensure compliance with company policies, legal requirements, and industry standards.

5. Technology & Data Management

• Utilize procurement software and data analytics tools to track and improve procurement performance.
• Maintain accurate procurement records, supplier databases, and contract repositories.
• Implement digital procurement solutions to enhance efficiency and transparency.