Purchase Executive 07J26

A Purchase Executive is a crucial member of the procurement team, responsible for managing the acquisition of goods and services that their organization needs to operate effectively. They play an integral role in ensuring that the organization's purchasing strategies are in line with operational objectives, cost constraints, and quality standards. The Purchase Executive is tasked with analyzing market trends, negotiating with suppliers, and managing procurement processes. This role requires both strategic thinking and management skills to contribute toward the organization’s supply chain efficiency and performance. The ideal candidate will possess excellent communication skills, analytical prowess, and a thorough understanding of procurement and supply chain principles.

Responsibilities

• Develop and implement purchasing strategies that align with organizational goals and objectives.
• Negotiate purchase agreements and maintain positive relationships with vendors and suppliers.
• Analyze market trends to identify opportunities for cost savings and procurement efficiencies.
• Ensure all purchased goods and services meet quality standards and organizational specifications.
• Coordinate and oversee the purchasing activities of all departments to ensure compliance with company policies.
• Manage supplier performance and conduct regular evaluations to ensure supply chain reliability.
• Prepare and process purchase orders and purchase requisitions in a timely manner.
• Monitor inventory levels to forecast future purchasing needs and avoid overstock or stockouts.
• Liaise with finance department to ensure proper budget allocation for procurement activities.
• Resolve any issues or discrepancies that occur with purchases or deliveries in a timely manner.
• Prepare regular reports on procurement activities, costs, and vendor performance for management review.
• Stay up-to-date with the latest industry trends and technologies to enhance purchasing processes.

Requirements

• Bachelor’s degree in Business Administration, Supply Chain Management, or a related field.
• Proven experience as a Purchase Executive or in a similar procurement role.
• Strong negotiation and communication skills to manage supplier relationships effectively.
• In-depth knowledge of purchasing processes and legal requirements in the procurement field.
• Excellent analytical and problem-solving skills to assess market trends and performance.
• Proficiency in procurement software and systems for order processing and vendor management.
• Ability to work under pressure and manage multiple tasks simultaneously in a fast-paced environment.