- Must have experience in sourcing of Raw Materials and Packing materials and managing vendors
- Track and report key functional metrics to reduce expenses and improve effectiveness
- Craft negotiation strategies and close deals with optimal terms
- Partner with stakeholders to ensure clear requirements documentation
- Forecast price and market trends to identify changes of balance in buyer-supplier power
- Perform cost and scenario analysis, and benchmarking
- Assess, manage and mitigate risks
- Seek and partner with reliable vendors and suppliers
- Determine quantity and timing of deliveries
- Monitor and forecast upcoming levels of demand
- Propose improvements to the current purchasing system that will improve vendor relationships and lower the cost of doing business
- Collaborate with inventory control and sales to develop metrics for gauging inventory level needs and then maintaining those levels throughout the year
- Take the lead in creating profitable ways to manage obsolete and slow-moving stock to help offset losses
- Manage the day-to-day purchasing activities and ensure that all purchasing agents are meeting their personal performance standards
- Assist in developing more effective invoicing and collecting processes
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