- Ensure timely procurement of materials to support uninterrupted production and supply chain operations.- Negotiate prices, payment terms, and contracts with vendors to achieve cost savings without compromising quality.- Analyze price trends and maintain competitive procurement strategies aligned with company budget goals.- Prepare, issue, and track purchase orders (POs) to ensure accuracy, adherence to specifications, and timely delivery.- Coordinate with suppliers to resolve discrepancies related to quantity, quality, or delivery timelines.- Build and maintain strong relationships with existing and new vendors.- Conduct supplier evaluations based on quality, delivery performance, pricing, and service reliability.- Coordinate with the stores, production, and planning departments to maintain optimum inventory levels.- Monitor stock levels, lead times, and reorder points to avoid shortages or overstocking.- Maintain accurate records of purchases, pricing, vendor contracts, and invoices.- Coordinate with the quality department to ensure procured materials meet the required quality specifications.- Manage the return or replacement of rejected materials with vendors.- Conduct regular market surveys to identify new suppliers, emerging products, and cost-saving opportunities.- Stay updated on market fluctuations that may impact procurement decisions.- Support new product development teams by sourcing materials and samples as required.- Prepare and present periodic reports on purchase performance, vendor rating, cost savings, and procurement efficiency.