Job Description

Supplier Sourcing and Negotiation:

• Identify and evaluate potential suppliers based on quality, price, and reliability to meet material requirements.

• Negotiate contracts and pricing agreements with suppliers to secure favorable terms and conditions.

• Conduct regular supplier assessments and audits to ensure compliance with company standards and industry regulations.

• Develop and maintain a comprehensive supplier database, including 

Procurement Management:

• Oversee the procurement process from requisition to delivery, ensuring timely and cost-effective sourcing of materials.

• Place purchase orders based on material requirements from the production schedule, ensuring alignment with production timelines.

• Monitor supplier performance and resolve any issues related to material quality, delivery schedules, and payment terms.

• Ensure that procurement activities comply with internal policies and regulatory requirements.

Inventory Control and Optimization:

• Control and optimize inventory levels by implementing effective inventory management practices to prevent stock outs and overstock situations.

• Collaborate with the production team to determine material requirements based on production forecasts and schedules.

• Analyze inventory turnover rates and implement strategies to reduce excess inventory and minimize holding costs

Relationship Management:

• Build and maintain strong relationships with key suppliers to facilitate effective communication and collaboration.

• Act as the primary point of contact for suppliers, addressing any inquiries or concerns promptly and professionally.

• Foster long-term partnerships with suppliers to enhance service levels and support cost-saving initiatives.

Reporting and Analysis:

• Prepare and present regular reports on procurement activities, inventory levels, and supplier performance to the Production Manager.

• Analyze purchasing trends and material costs to identify opportunities for savings and process improvements.

• Maintain accurate records of procurement transactions, inventory levels, and supplier communications for auditing and compliance purposes.

Continuous Improvement:

• Participate in continuous improvement initiatives to enhance procurement processes and inventory management practices.

• Stay updated on industry trends, market conditions, and best practices in supply chain management to implement innovative solutions.

• Conduct root cause analysis on procurement or inventory issues and implement corrective actions as necessary.