Job Description

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Formulating and implementing purchasing strategies that align with the organization's goals and objectives.

Analyzing market trends to optimize purchasing strategies and reduce costs.

Identifying, evaluating, and selecting suppliers based on quality, price, and reliability.

Building and maintaining strong relationships with key suppliers and vendors.

Conducting performance evaluations of suppliers and addressing issues as they arise.

Negotiating contracts, terms, and prices with suppliers to secure the best possible deals.

Ensuring compliance with legal and regulatory requirements in all contracts.

Developing and managing the purchasing budget to ensure financial objectives are met.

Monitoring and controlling expenditures to stay within budgetary constraints.

Overseeing inventory levels and ensuring that procurement meets operational needs without overstocking.

Implementing effective inventory control measures to reduce waste and improve efficiency.

Collaborating with various departments, such as operations, finance, and quality assurance, to understand their purchasing needs and to coordinate efforts.

Facilitating communication between departments to ensure alignment on procurement goals.

Conducting market research to identify new suppliers and alternative products.

Analyzing pricing trends and market conditions to inform purchasing decisions.

Identifying opportunities to streamline and improve the procurement process for greater efficiency.

Implementing best practices in purchasing and procurement methodologies.

Leading and mentoring the purchasing team, conducting performance reviews, and fostering professional development.

Ensuring the team is trained on procurement policies and procedures.

Ensuring compliance with company policies, industry standards, and applicable laws and regulations.

Preparing reports on purchasing activities, supplier performance, and market trends for senior management.

Assessing risks associated with suppliers and procurement processes and developing strategies to mitigate them.

Monitoring geopolitical and economic factors that may affect supply chain stability.

Implementing sustainable procurement practices and developing strategies for responsible sourcing.

Evaluating suppliers based on their sustainability practices.

Job Type: Full-time