Purchasing Manager (Manufacturing industry)

DUTIES AND RESPONSIBILITIES:

• Regularly monitor stock levels to assess inventory needs. Identify and forecast purchasing requirements based on sales forecasts, production schedules, and inventory turnover to prevent stockouts and overstock situations.
• Research potential vendors and suppliers to identify opportunities for sourcing high-quality products at competitive prices.
• Evaluate offers from vendors, considering factors such as price, quality, and delivery terms.
• Track orders from placement through to delivery, ensuring that all goods are received on time and in accordance with purchase agreements.
• Address any delays or discrepancies promptly to ensure minimal disruption to operations.
• Update and maintain internal databases with accurate order details, including order dates, vendors, quantities, and discounts.
• Ensure that records are current and reflect any changes or updates in procurement activities.
• Conduct market research to stay informed about pricing trends, industry developments, and new suppliers. Use this information to make informed purchasing decisions and recommend changes to procurement strategies.
• Evaluate offers from vendors and negotiate terms to secure the best possible prices and conditions.
• Establish and maintain strong relationships with suppliers to facilitate effective negotiation and collaboration.
• Prepare and analyze cost reports to assess the impact of purchasing decisions on the overall budget.
• Conduct cost-benefit analyses to identify potential savings and improve cost-efficiency in procurement.
• Maintain accurate and up-to-date records of invoices, contracts, and purchase orders.
• Ensure proper documentation for financial audits and compliance with company policies and procedures.

QUALIFICATIONS:

• Bachelor’s degree in Business, Supply Chain Management, or related field preferred Strong organizational, communication, and negotiation skills.
• Proficiency in procurement software and Microsoft Office.
• Handled a purchasing team.
• Highly proficient in Microsoft Excel Has proven track record of delivering high quality results and meeting. deadlines.
• Purchasing experience from a manufacturing company.
• At least 5 years of extensive experience as a purchasing supervisor.