Procurement Executive 18M26

A Procurement Executive plays a crucial role in the supply chain management of an organization by overseeing the procurement process, ensuring that goods and services are sourced at the right price and quality. In this role, you will be responsible for developing procurement strategies, fostering supplier relationships, and managing contracts. The Procurement Executive must balance cost efficiency with quality assurance while adhering to company policies and industry standards. By coordinating with different departments, you will ensure that purchasing processes align with the organization’s operational requirements. Additionally, you will contribute to the optimization of inventory levels and the implementation of innovative procurement solutions, which are vital in maintaining the organization's competitiveness and profitability in the market.

Responsibilities

• Develop and implement effective procurement strategies for purchasing goods and services.
• Assess suppliers and negotiate contracts to secure favorable terms and conditions.
• Establish and maintain strong relationships with key suppliers and vendors.
• Conduct market research to identify trends and new products beneficial to the organization.
• Develop procurement policies and procedures in line with company objectives.
• Lead procurement projects across cross-functional teams to meet strategic goals.
• Monitor and manage supplier performance to ensure compliance with contractual obligations.
• Collaborate with finance and operations to forecast demand and manage procurement budgets.
• Implement cost-saving measures while ensuring product quality and delivery efficiency.
• Oversee the timely processing of purchase orders and maintain accurate procurement records.
• Ensure compliance with regulatory and ethical standards in procurement activities.
• Contribute to continuous improvement initiatives within the supply chain process.

Requirements

• Bachelor's degree in Supply Chain Management, Business Administration, or a related field.
• Minimum of 5 years of experience in procurement or supply chain management.
• Proven experience in negotiation and contract management with suppliers.
• Strong analytical and decision-making skills with attention to detail.
• Excellent communication and interpersonal skills for supplier interactions.
• Proficiency in procurement software and Microsoft Office Suite is required.
• Ability to work collaboratively in a team environment and across departments.