1. Primary goal to find at least 2 /3 suppliers for all items purchased by the company.
- Focus on quality and cost.
- Transaction cost reduction
- On time delivery to minimize inventory.
2. Vendor development
- Identification of New suppliers
- Develop and maintain relationships with vendors to ensure timely delivery of high- quality products.
- Select new vendors based on factors such as quality, reliability, pricing and location.
- Strong understanding of rate finalization, supplier selection, vendor development, vendor negotiation and vendor selection processes.
- Registration process as per Purchase manual.
- Re-evaluation as per Purchase manual.
- Improve supplier selection criteria.
- Regular visit and communication to supplier.
- Standardization of Products.
3. Purchase:
- Initiate trial orders for recent vendors.
- Negotiate prices
- Follow up for deliveries for minimum 3 quotes & timely Delivery to Stores.
Authority:
- Vendor selection
- Rate finalization along with Manager