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Procurement Specialist
2 months ago
Fat Boy Tools is a leading provider of top-quality tools to customers worldwide. We are seeking a highly skilled Procurement Specialist to join our team and contribute to our sales growth.
Key Responsibilities- Attend industry trade shows and conferences to identify potential vendors, new products, and emerging industry trends.
- Develop and maintain a list of upcoming trade shows and ensure timely registration and travel arrangements.
- Collect and analyze product samples and vendor information for potential sourcing opportunities.
- Establish and maintain strong relationships with existing vendors to negotiate the best terms and pricing.
- Conduct regular supplier evaluations to ensure high-quality products and reliable delivery.
- Negotiate contracts, prices, and terms with suppliers to achieve cost savings and favorable terms for Fat Boy Tools.
- Research and identify potential new products that align with our sales strategies.
- Develop and implement demand forecasting models to predict future inventory needs.
- Monitor inventory levels regularly to prevent overstocking or stockouts.
- Regularly review inactive products and ensure that any on-hand items are listed for sale.
- Develop strategies to move slow-moving inventory, including discounts, promotions, and finding alternative sales channels.
- Oversee the company's purchasing policies and procedures, ensuring all items are received in full and cost matches with invoices.
