Main tasks are as follows;
- Managing a company’s sourcing capabilities and supply chain.
- Strategizing and negotiating with suppliers and vendors to acquire cost-effective deals.
- Reducing procurement expenses.
- Overseeing purchasing activities, supplier evaluation, contract negotiation, and risk management.
- Identifying procurement needs, researching suppliers, and ensuring timely and cost-effective procurement.
- Sourcing products and services while optimizing quality and costs.
- Managing a team of procurement agents and monitoring company purchases.
- Conducts negotiations with sellers and vendors for the best possible prices.
- Select the right suppliers who will provide products or services that the company needs.
- Ensure that the company gets the best possible terms and conditions for the purchased goods or services.
- Inventory and logistics management for the purchased items.
- Order new supplies when they are running out.
- Develop and implement procurement strategies to optimize both efficiency and cost-effectiveness.
- Ensure that the company follows its contractual obligations.
- Oversee the renewal, termination, or renegotiation of procurement contracts.
- Keep updated knowledge of procurement best practices, and market conditions.
- Ensure that goods being purchased comply with relevant laws, regulations, and company policies.
- Manage relationships with suppliers and report to the management about any serious issues.
- Set and manage procurement KPIs to track and improve performance.
- Help in preparing reports on procurement expenditures and savings.
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