Perform inventory inspections and create purchase orders (POs) to replenish supplies as necessary.
Use inventory software data on out of stock items, fast-selling items etc to inform intelligent and strategic purchasing
Estimate and establish cost parameters & clear budgets for purchases, and actively monitor and evaluate budget compliance.
Negotiate appropriate contracts for pricing, supply, returns, payment terms etc with vendors on behalf of the company.
Coordinate supplies with vendors and follow up on delays or orders that have been scheduled.
Track incoming inventory, delivery arrival time of all orders.
Conduct product research and source new suppliers and vendors for exciting new products
Conduct market research to keep abreast of emerging trends, new products, and business opportunities
Analyze potential vendors and suppliers for future project needs
Organize and update database of suppliers, delivery times, invoices, and quantity of supplies
Liaise with Internal Security and Receiving Department to ensure goods ordered and delivered arrive in good condition and meet the companies acceptance requirements.