Negotiate favorable terms, pricing, and conditions with vendors and suppliers to ensure cost-effectiveness and quality standards are met.
Establish and maintain relationships with vendors, ensuring timely delivery of goods and services while resolving any issues that may arise.
Oversee the entire lifecycle of contracts, from drafting and reviewing to execution and renewal, ensuring compliance with legal and company standards.
Conduct market research and analysis to identify potential vendors, trends, and opportunities for cost savings and improved services.
Work closely with finance teams to develop and manage budgets for procurement activities, ensuring alignment with overall business goals and financial targets.
Identify and mitigate risks associated with contracts, including legal, financial, and operational risks, to protect the interests of the company.
Effectively communicate contract terms, policies, and procedures to internal stakeholders, including management, departments, and staff.
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