Purchase Executive (225-723)

A Purchase Executive is a vital asset to any organization, playing a significant role in managing procurement processes and ensuring that the company's purchasing needs are met effectively and efficiently. This position requires a professional with excellent negotiation skills, strategic thinking, and a deep understanding of market trends and supply chain processes. The Purchase Executive is responsible for sourcing products and services, negotiating contracts, and managing relationships with suppliers to achieve the best combination of price, quality, and timely delivery. The role demands a keen eye for detail and an ability to handle multiple tasks while maintaining high standards of accuracy and efficiency in procurement operations.

Responsibilities

• Develop and implement purchasing strategies to optimize purchasing efficiency and cost-effectiveness.
• Identify and evaluate potential suppliers based on quality, service, and pricing criteria.
• Negotiate and establish contracts with suppliers, securing the best terms and conditions.
• Monitor and analyze market trends to make informed purchasing decisions.
• Prepare and process purchase orders and ensure timely procurement of goods and services.
• Collaborate with internal departments to understand their purchasing needs and requirements.
• Ensure compliance with company policies and industry regulations in all purchasing activities.
• Maintain accurate and updated records of purchases, pricing, and other relevant financial information.
• Resolve any issues or discrepancies with suppliers and internal stakeholders promptly.
• Evaluate supplier performance regularly to ensure adherence to agreed terms and standards.
• Work closely with the finance team to forecast procurement budgets and control expenditures.
• Stay updated on new products, technologies, and services that can benefit the organization.

Requirements

• Bachelor’s degree in Business Administration, Supply Chain Management, or related field.
• Proven experience as a Purchase Executive or in a similar procurement role.
• Strong negotiation skills and ability to secure favorable terms with suppliers.
• Good knowledge of supplier or third-party management software and systems.
• Excellent communication, analytical, and problem-solving skills.
• Demonstrated ability to understand and analyze market conditions and trends.
• Proficiency in Microsoft Office Suite, especially Excel for data analysis.
• Ability to manage multiple tasks and prioritize effectively in a fast-paced environment.