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- Collaborate with suppliers to ensure timely and accurate procurement of raw materials, components, and finished goods.
- Negotiate pricing, terms, and contracts with suppliers to optimize cost and quality.
- Monitor supplier performance and address any issues related to delivery, quality, or compliance.
- Maintain optimal inventory levels to meet demand while minimizing carrying costs and stockouts.
- Implement inventory control strategies such as ABC analysis, safety stock calculations, and reorder point optimization.
- Regularly review and adjust inventory parameters based on demand patterns and market trends.
- Utilize historical data, market trends, and customer insights to develop accurate demand forecasts.
- Collaborate with sales and marketing teams to incorporate promotional activities, new product launches, and market changes into forecasting models.
- Continuously improve forecasting accuracy through data analysis and model refinement.
- Coordinate the transportation and distribution of goods to ensure timely delivery to customers and distribution centers.
- Collaborate with logistics partners to optimize freight costs, routing, and mode of transportation.
- Monitor shipment status and resolve any issues related to delays, damages, or discrepancies.
- Identify inefficiencies in the supply chain process and develop strategies to streamline operations and reduce costs.
- Implement best practices and continuous improvement initiatives to enhance overall supply chain performance.
- Analyze key performance indicators (KPIs) to assess the effectiveness of supply chain operations and identify areas for improvement.
- Work closely with cross-functional teams, including manufacturing, sales, finance, and quality assurance, to ensure alignment of supply chain activities with organizational goals.
- Communicate effectively to ensure all stakeholders are informed of supply chain status, potential disruptions, and mitigation strategies.
- Ensure compliance with relevant regulations and industry standards related to procurement, transportation, and inventory management.
- Identify and mitigate supply chain risks, such as disruptions in supply, geopolitical factors, and environmental considerations.
