- Negotiate with external vendors to secure advantageous terms
- Finalize purchase details of orders and deliveries
- Perform risk management for supply contracts and agreements
- Control spend and build a culture of long-term saving on procurement costs
- Develop, lead and execute purchasing strategies
- Track and report key functional metrics to reduce expenses and improve effectiveness
- Craft negotiation strategies and close deals with optimal terms
- 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
- Keep a constant check on stock levels
- Conduct research to ascertain the best products and suppliers in terms of best value, delivery schedules and quality
- Liaise between suppliers, manufacturers, relevant internal departments and customers
- Build and maintain good relationships with new and existing suppliers
- Monitoring the quality of service provided
- Process payments and invoices
- Keep contract files and use them as reference for the future
- Give presentations about market analysis and possible growth
- Produce reports and statistics
- Evaluate bids and make recommendations, based on commercial and technical factors
- Ensure suppliers are aware of business objectives
- Attend meetings and trade conferences
- Train and supervise the work of other members of staff
Didn’t find the job appropriate? Report this Job