1. Vendor Selection and Management:
• Identify and evaluate potential suppliers based on cost, quality, reliability, and other factors.
• Build and maintain strong relationships with existing suppliers.
2. Procurement Planning:
• Develop procurement plans and strategies in alignment with organizational goals and budget constraints.
• Forecast demand for goods and services to ensure timely procurement.
3. Negotiation:
• Negotiate terms, conditions, and pricing with suppliers to secure advantageous agreements.
• Work to obtain the best possible deals while maintaining quality standards.
4. Purchase Orders:
• Generate purchase orders accurately and efficiently.
• Ensure that all necessary information, such as quantities, specifications, and delivery schedules, is included.
5. Inventory Management:
• Monitor and maintain optimal inventory levels to prevent shortages or overstocking.
• Implement inventory control measures and assess inventory turnover.
6. Quality Assurance:
• Collaborate with quality control and assurance teams to ensure purchased items meet quality standards.
• Resolve quality issues with suppliers promptly.
7. Cost Analysis:
• Analyze pricing proposals and cost structures to make informed decisions.
• Continuously seek cost-saving opportunities.
8. Compliance:
• Ensure procurement activities comply with relevant laws, regulations, and company policies.
• Maintain accurate records and documentation.
9. Market Research:
• Stay informed about market trends, industry developments, and new product offerings.
• Provide recommendations based on market insights.
10. Supplier Performance Evaluation:
• Assess supplier performance regularly and address any deficiencies.
• Recognize and reward exceptional supplier performance.
11. Risk Management:
• Identify potential risks in the supply chain and develop risk mitigation strategies.
• Prepare for supply chain disruptions and emergencies.
12. Budget Management:
• Manage procurement budgets effectively and control costs.
• Prepare budget reports and forecasts.
13. Sustainability and Ethics:
• Consider sustainability and ethical factors when selecting suppliers and making procurement decisions.

Promote responsible and sustainable sourcing practices.