- Market Research and Analysis:
- Conduct in-depth market research to identify potential suppliers, industry trends, and pricing dynamics.
- Analyze market conditions, supplier capabilities, and product specifications to make informed purchasing decisions.
- Vendor Management:
- Develop and maintain strong relationships with existing and potential suppliers
- Negotiate contracts, terms, and conditions to secure favourable agreements
- Evaluate supplier performance and conduct regular vendor assessments
- Cost Optimization:
- Implement cost-saving strategies and initiatives to maximize efficiency
- Identify opportunities for process improvements and implement best practices in procurement
- Risk Management:
- Assess and mitigate risks associated with the supply chain, such as supplier disruptions and market fluctuations
- Develop contingency plans to ensure a continuous and reliable supply of goods and services
- Collaboration:
- Work closely with cross-functional teams, including finance, logistics, and quality assurance, to align procurement strategies with overall business objectives
- Collaborate with internal stakeholders to understand their requirements and provide effective procurement solutions
- Compliance:
- Ensure compliance with relevant regulations, industry standards, and company policies
- Stay informed about changes in legislation and industry practices that may impact procurement activities
- Contract Management:
- Draft, review, and negotiate contracts with suppliers, including terms and conditions, delivery schedules, and pricing structures
- Monitor contract performance and address any deviations or issues
Sr. Advanced Buyer - East Tawas, United States - Minth North America
Description
Job Description
Job DescriptionWe seek a highly skilled and experienced Sr. Advanced Buyer to join our dynamic procurement team.
The successful candidate will play a crucial role in optimizing the procurement process, managing vendor relationships, and driving cost savings initiatives. As an Advanced Buyer, you will be responsible for conducting thorough market research, negotiating contracts, and ensuring the timely delivery of goods and services. The ideal candidate should possess excellent analytical skills, negotiation expertise, and a deep understanding of supply chain management. Other responsibilities include: