The purchasing agent collaborates with legal and procurement teams to draft contracts that clearly outline the terms and conditions, scope of work, pricing, delivery schedules, quality standards, and other relevant details.

The agent negotiates with suppliers to ensure that the contract terms are favorable to the organization while maintaining a fair and mutually beneficial relationship.

The agent reviews and seeks approvals for contracts from relevant stakeholders, ensuring that all parties involved understand and agree to the terms.

The agent manages contract renewals and extensions, ensuring timely negotiations and revisions as needed.

The agent closely monitors supplier performance against the contract terms, including delivery timelines, quality, and compliance with agreed-upon standards.

The agent ensures that all parties adhere to the terms and conditions of the contract, including legal and regulatory requirements.

The agent maintains organized and up-to-date contract records, including amendments and correspondence, for easy reference and auditing purposes.

If there are any changes to the original contract, the agent communicates and negotiates with suppliers to update the agreement and ensures that all changes are properly documented.

The agent initiates contract renegotiation when necessary and handles contract terminations if the need arises, ensuring a smooth transition and minimizing any potential risks.

The agent assesses supplier performance based on contract deliverables, KPIs, and key performance indicators, providing feedback to both suppliers and internal stakeholders.