· Vendor Research and Material Sourcing:
Conduct comprehensive market research to identify potential vendors and sourcing options for required materials for developing. Evaluate and assess suppliers based on quality, pricing, reliability, and delivery timelines.
· Supplier Evaluation and Negotiation:
Compare and analyze supplier offers to determine the most favourable deals. Negotiate contract terms, pricing, and agreements with vendors to secure cost- effective and quality purchases for Stella.
· Contract Management:
Draft, review, and manage contractual agreements with suppliers to ensure compliance and mitigate risks.
· Order Tracking and Delivery Oversight:
Monitor and track orders to guarantee timely delivery of goods. Coordinate with divisions to ensure material status, proper storage and inventory management.
· Quality Assurance:
Review and assess the quality of purchased products to ensure they meet company standards.
Implement and oversee quality control measures in collaboration with relevant stakeholders.
· Data Entry and Record Maintenance:
Maintain updated records of purchased products, delivery schedules, and invoices.
Enter detailed order information accurately into internal databases or procurement systems ERP.
· Reporting and Analysis:
Conduct cost analyses and provide insights for decision- making purposes to manager.
Prepare comprehensive reports on purchases, costs, supplier performance, and market trends.
· Vendor Relationship Management:
Build and nurture strong relationships with key suppliers to ensure high- quality merchandise and on- time deliveries. Collaborate effectively to resolve any issues or discrepancies that may arise.
· Inventory Management:
Monitor stock levels, forecast demands, and place orders as needed to maintain optimal inventory levels. Optimize supply chain processes for efficiency and cost- effectiveness.
· Industry Awareness and Networking:
Attend trade shows, exhibitions, and industry events to stay updated on market trends, new products, and potential suppliers. Establish networks and relationships beneficial for procurement strategies.
· Responsibility for tracking raw material delivery date. Purchasing and done the operation process no matter in local and oversea.
· Other tasks assigned by line manager.
· Price, Delivery and trade term comparison. Must source more than 2 suppliers and analysis advantage and disadvantage.
· Periodical price assessment and research Raw material item, always do market research to source for better vendor with competitive price and trade term.
