Overview
A procurement manager is responsible for sourcing and purchasing goods and services for a company, ensuring they get the best value and quality within budget. Their duties include developing sourcing strategies, negotiating contracts with suppliers, managing vendor relationships, and overseeing the purchasing team and process. They play a strategic role in cost reduction and risk mitigation for the business.
Responsibilities
* Sourcing and purchasing: Identifying and acquiring necessary goods and services, from raw materials to software.
* Supplier evaluation and negotiation: Researching potential suppliers and negotiating contracts to secure the best prices, payment terms, and delivery schedules.
* Contract management: Overseeing the execution of contracts, ensuring legal soundness, and enforcing compliance.
* Cost control and optimization: Implementing strategies to reduce costs, such as bulk buying or switching suppliers, without sacrificing quality.
* Inventory management: Monitoring and managing inventory levels to prevent shortages or overstocking.
* Risk management: Assessing risks related to supplier agreements and taking steps to prevent supply chain disruptions.
* Relationship management: Building and maintaining strong relationships with suppliers to ensure quality and timely delivery
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