- Identify potential suppliers through market research and industry contacts.
- Evaluate supplier capabilities, reliability, and product quality.
- Maintain a supplier database with up-to-date information.
- Prepare RFQs and purchase orders based on specific requirements.
- Negotiate terms and conditions with suppliers.
- Ensure accuracy of orders and compliance with company policies.
- Analyze cost structures and pricing to identify cost-saving opportunities.
- Negotiate prices and terms with suppliers to achieve the best possible deals.
- Monitor market trends to stay informed about price fluctuations.
- Foster and maintain positive relationships with suppliers.
- Resolve supplier-related issues or disputes promptly.
- Collaborate with suppliers to improve product quality and delivery times.
- Monitor inventory levels and reorder points to prevent stockouts.
- Coordinate with other departments to ensure timely replenishment of inventory.
- Implement inventory control measures to reduce waste and overstock.
The incumbent of this position must possess a Bachelors' degree or equivalent; or three (3) to five (5) years of related experience and/or training; or equivalent combination of education and experience.