- Procurement Cycle Management Getting started and overseeing the procurement process from purchase order initiation to completion, including approval, processing, and delivery.
- Implement strategies to streamline procurement cycles and reduce lead times without compromising quality.
- Cost Savings Initiatives Identify opportunities for cost savings through negotiation, strategic sourcing, and the identification of cost-effective suppliers.
- Collaborate with vendors to negotiate favorable terms and pricing agreements.
- Supplier Relationship Management Monitor supplier performance, including on-time delivery and quality of goods or services provided
- Develop and maintain strong supplier relationships to ensure reliable and efficient procurement processes.
- Contract Management Ensure compliance with contractual agreements and terms by monitoring contract performance and adherence to specified conditions.
- Collaborate with legal and finance departments to review and negotiate contracts.
- Supplier Diversification Identify and onboard suppliers from various sectors to diversify the procurement portfolio.
- Evaluate potential new suppliers based on quality, reliability, and cost-effectiveness.
- Innovation and Product Evaluation: Assess the innovation and uniqueness of new products and brands to determine their suitability for procurement. Stay updated on market trends and industry developments to identify innovative products and suppliers.
Work ExperienceProven experience in procurement, sourcing, or supply chain management.Experience working in a similar role within the industry.Familiarity with regulatory requirements and compliance standards related to procurement.Educational Bachelor’s degree in business administration, Supply Chain Management, or a related field.Technical Skills Strong negotiation skills and ability to build effective relationships with suppliers.Knowledge of contract management principles and practices.Behavior SkillsExcellent communication and interpersonal skills.TeamworkCollaborationAttention to details