1.Strategic Sourcing:
-Develop and implement procurement strategies aligned with organizational goals.
-Identify potential suppliers, evaluate their capabilities, and negotiate terms.
-Monitor market trends and adjust sourcing strategies accordingly.
-Collaborate with cross-functional teams to optimize procurement processes.
2.Supplier Relationship Management:
-Effective communication and negotiation skills to manage supplier relationships.
-Evaluate supplier performance, address issues, and ensure timely deliveries.
-Collaborate with suppliers to improve quality, reduce costs, and enhance overall value.
3.Data Analysis and Decision-Making:
-Analyze procurement data, market trends, and supplier performance metrics.
-Make informed decisions based on data insights.
-Optimize inventory levels and minimize supply chain risks.
4.Budget Planning and Management:
-Develop and manage procurement budgets.
-Monitor expenses, track cost savings, and report on budget performance.
-Ensure compliance with budgetary constraints.