* Demand Planning: Collaborating with various departments and stakeholders to understand their requirements and forecast demand for goods and services.
* Analysing historical data, market trends, and business needs to develop accurate demand forecasts and plans.
* Strategic Sourcing: Developing and executing procurement strategies that align with the organization's goals and objectives.
* Evaluating potential suppliers and negotiating contracts to ensure quality, cost-effectiveness, and timely delivery of goods and services.
* Identifying opportunities to optimize sourcing processes and reduce costs.
* Contract Management: Managing the entire lifecycle entire of contracts, from drafting and negotiating to executing and monitoring.
* Ensuring that contracts comply with legal and regulatory requirements while mitigating risks and maximizing value for the organization.
* Monitoring contract performance, addressing issues, and overseeing contract renewals or termination.
* Supplier Relationship Management:Developing and maintaining strong relationships with suppliers and vendors.
* Collaborating with them to improve quality, delivery, and cost-efficiency.
* Conducting performance evaluations and holding regular meetings to address issues and identify opportunities for improvement.
* Demand Forecasting and Analysis: Using data analysis and forecasting techniques to accurately predict future demand for goods and services.
* Monitoring market trends, customer demands, and internal factors to ensure adequate supply and minimize inventory or stockouts.
* Cost Control and Budgeting: Managing procurement budgets and expenditures to ensure cost control and adherence to financial constraints.
* Implementing cost-saving initiatives, negotiating favorable pricing, and optimizing procurement processes to achieve cost efficiency.
* Compliance and Risk Management: Ensuring compliance with regulatory requirements, company policies, and ethical standards throughout the procurement and contract management processes. Identifying and mitigating risks associated with procurement activities and contract management.
* Continuous Improvement: Continuously reviewing and enhancing procurement, demand planning, and contract management processes and procedures.