Procurement and Inventory Analyst
2 weeks ago
Procurement Management
- Source and evaluate suppliers to ensure quality, cost-effectiveness, and reliability.
- Prepare and process purchase requests, purchase orders, and supplier contracts.
- Negotiate pricing, payment terms, and delivery schedules with vendors.
- Monitor supplier performance and maintain strong supplier relationships.
- Ensure all procurement activities comply with company policies and budget guidelines.
- Coordinate with internal departments to ensure timely delivery of required materials and services.
Inventory Management
- Monitor inventory levels and maintain optimal stock levels to avoid overstocking or shortages.
- Conduct regular inventory audits and reconcile discrepancies.
- Track and analyze inventory usage, turnover rates, and demand trends.
- Maintain accurate and up-to-date records in the inventory management system.
- Implement inventory control procedures and suggest process improvements.
Data Analysis and Reporting
- Prepare and analyze reports on purchasing trends, inventory performance, and supplier metrics.
- Forecast material requirements based on production schedules and sales projections.
- Identify cost-saving opportunities through data-driven analysis.
- Support management with data and insights for strategic decision-making.
Qualifications:
- Bachelor's degree in Supply Chain Management, Business Administration, Accounting, or related field.
- At least 2–4 years of experience in procurement, inventory control, or supply chain analysis.
- Strong analytical and problem-solving skills.
- Proficient in MS Office (especially Excel) and inventory management software or ERP systems.
- Excellent negotiation, communication, and organizational skills.
- Detail-oriented and able to work with minimal supervision.
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