Identify, evaluate, and select suppliers based on quality, cost, and reliability criteria;
Negotiate contracts, terms, and pricing with suppliers to achieve the best possible deals;
Monitor market trends and industry developments to identify potential new suppliers and products;
Develop and maintain strong relationships with existing and new suppliers;
Collaborate with the design and production teams to understand product requirements and specifications;
Place orders and ensure timely delivery of products and materials to meet production schedules;
Conduct quality checks on received products and materials to ensure they meet company standards;
Manage inventory levels and forecast demand to avoid stockouts and overstock situations;
Maintain accurate records of purchases, inventory, and supplier performance;
Prepare and present regular reports on sourcing and purchasing activities, including cost analysis and supplier performance;
Resolve any issues related to delivery, quality, or pricing with suppliers;
Ensure compliance with company policies and industry regulations;
Perform any other duties as directed by management.
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