The job levels of these executives range from C-suite down to Assistant Manager. |
Their responsibilities include: |
|
|
|
Formulating effective sourcing strategies |
|
|
Identifying profitable suppliers and initiating business partnerships with them |
Negotiating with vendors to secure advantageous terms |
|
|
Approving the ordering of necessary goods and services |
|
|
Finalizing details of orders and deliveries |
|
|
Examinining current vendor contracts |
|
|
Tracking and anylyzing functional metrics to reduce expenses |
|
Collaborating with key personss to ensure clarity of expectations of the company |
Anticipating unfavorable events through analysis of data and preparing control strategies |
Managing risks in vendor contracts and agreements |
|
|
Fostering a culture of long-term optimum procurement cost control. |
|