Procurement Management:
- Source and procure commodities in line with company policies and procedures.
- Negotiate contracts and terms with suppliers to secure favorable pricing and delivery schedules.
- Ensure timely and accurate processing of purchase orders and requisitions.
Supplier Relationship Management:
- Develop and maintain strong relationships with suppliers to ensure quality and reliability.
- Monitor supplier performance and address any issues or discrepancies.
- Conduct regular supplier audits and assessments.
Inventory Control:
- Monitor inventory levels and ensure optimal stock levels to meet production and operational needs.
- Coordinate with warehouse and logistics teams to manage the storage and distribution of commodities.
- Implement inventory management best practices to minimize waste and reduce costs.
Market Analysis:
- Conduct market research to identify trends, opportunities, and risks in the commodity markets.
- Stay updated on industry developments and regulatory changes that may impact commodity prices and availability.
- Provide market intelligence and insights to support strategic decision-making.
Cost Optimization:
- Identify and implement cost-saving initiatives in the procurement process.
- Analyze and report on cost variances and develop strategies to mitigate them.
- Collaborate with finance and accounting teams to ensure accurate budgeting and forecasting.
Compliance and Documentation:
- Ensure compliance with company policies, industry standards, and regulatory requirements.
- Maintain accurate and up-to-date records of all procurement activities and transactions.
- Prepare and present regular reports on procurement and inventory metrics.
Cross-functional Collaboration:
- Work closely with production, operations, and sales teams to align procurement activities with business needs.
- Facilitate effective communication and coordination between departments.
- Participate in cross-functional projects and initiatives as needed.
