Contracts Negotiation: Negotiate contracts, pricing, and terms with suppliers to secure the best deals.
Inventory Management: Manage inventory level to ensure adequate stock without overstocking, forecast demand. Review and analyse sales data to adjust purchasing strategies as needed. Anticipate supply problem and plan accordingly.
Budget Management: Monitor purchasing budgets, prepare report on purchasing activities, costs and budget variance, and implement cost-saving measures. Analyse total cost of ownership, suggest cost reduction strategies, and source for new suppliers.
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