1. strategic sourcing: identify, assess, and select potential vendors for the procurement of raw materials, equipment, and services. build and maintain relationships with vendors across various locations in india to ensure a reliable supply chain.
2. vendor management: collaborate with vendors to negotiate contracts, terms, and pricing. monitor vendor performance, conduct regular audits, and address any issues to maintain quality and timely delivery.
3. cost control: develop and implement cost-effective purchasing strategies to optimize expenditure without compromising quality and timeline requirements.
4. project coordination: work closely with project managers, engineers, and other stakeholders to understand specific project requirements and align procurement activities accordingly.
5. risk mitigation: identify potential risks in the supply chain, create contingency plans, and take proactive measures to mitigate disruptions in the procurement process.
6. data analysis: utilize data analysis tools to assess market trends, vendor performance, and make informed decisions to optimize purchasing processes.
7. communication: effectively communicate with internal teams and vendors to relay project requirements, resolve issues, and ensure smooth coordination throughout the procurement cycle.
8. continuous improvement: implement best practices, evaluate and introduce new technologies, and drive process improvements to enhance operational efficiency and cost-effectiveness within the procurement function.