- Collaborate with product, sales, and planning teams to identify product/category needs and stock gaps.
- Analyze SKU performance to determine replenishment needs.
Vendor Management:
- Identify, evaluate, and select suitable vendors based on quality, price, and delivery timelines.
- Build and maintain robust vendor relationships to ensure consistent supply and service quality.
- Negotiate terms, pricing, and payment conditions with vendors.
Procurement Operations:
- Execute purchase orders in line with organizational policies and timelines.
- Track order status to ensure timely delivery and escalate delays where necessary.
- Coordinate with logistics and warehouse teams for smooth inbound processing.
Inventory & Cost Control:
- Monitor and maintain optimal inventory levels to avoid stockouts or overstocking.
- Analyze procurement spending and identify opportunities for cost reduction.
Compliance & Documentation:
- Ensure procurement processes align with internal policies and industry standards.
- Maintain accurate procurement records, including contracts, invoices, and delivery notes.
Reporting & Analysis:
- Prepare and present reports on inventory status, procurement cost analysis, and vendor performance.
- Support audits and provide documentation when required.