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Job Description & How to Apply Below
The successful candidate will play a crucial role in optimizing the procurement process, managing vendor relationships, and driving cost savings initiatives. As a 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:
Responsibilities
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 favorable 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
Technology Utilization:
Leverage procurement technology and tools to streamline processes and enhance data-driven decision-making
Stay updated on advancements in procurement technology and recommend system improvements as needed
To be a qualified candidate you must meet the following
Bachelor's degree in business, supply chain management, or a related field. Master's degree or relevant certifications (e.g., CSCP, CPSM) is a plus
Proven experience as a buyer or procurement professional in metal components, with a track record of successful negotiations and cost savings
Key To Being Successful In This Role
Strong analytical and problem-solving skills
Excellent communication and interpersonal abilities
In-depth knowledge of procurement principles, practices, and market trends
Familiarity with procurement software and tools
Ability to work independently and collaboratively in a fast-paced environment
Strong negotiation and contract management skills
Why work for Minth? Here are the advantages of working at Minth.
International development platform
Dynamic and efficient team
All-round personal improvement
Personalized humanistic care
Diversified working atmosphere
Modern office setting
Competitive compensation package
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