Procurement Executive (225-728)

A Procurement Executive plays a pivotal role in managing the purchasing activities and ensuring that a company acquires the necessary goods and services in a timely and cost-effective manner. They are responsible for strategizing procurement activities, building and maintaining relationships with suppliers, and negotiating contracts to ensure the best deals are secured for the company. The role demands a keen analytical mindset to assess suppliers, manage budgets, and identify potential cost savings. Effective communication skills are imperative as the Procurement Executive collaborates across departments to meet organizational goals. The ability to handle pressure and solve problems efficiently contributes significantly to maintaining smooth operations.

Responsibilities

• Develop and implement procurement strategies that align with company objectives and ensure cost savings.
• Conduct thorough market research to identify suitable suppliers and vendors globally.
• Negotiate terms and conditions with vendors to secure advantageous pricing and contracts.
• Collaborate with various departments to understand their procurement needs and specifications.
• Maintain and update a directory of suppliers and review performance metrics on a regular basis.
• Ensure procurement activities comply with company policies, procedures, and standards.
• Oversee the supplier selection process to ensure quality, cost effectiveness, and timely delivery.
• Monitor and manage procurement budgets and report on procurement performance metrics.
• Resolve any issues or discrepancies with supplier deliveries and invoicing transactions.
• Develop and maintain strong relationships with key suppliers and stakeholders.
• Conduct risk analyses on procurement activities and develop mitigation strategies.
• Contribute to continuous improvement initiatives to enhance procurement practices and efficiency.

Requirements

• Bachelor’s degree in Business Administration, Supply Chain Management, or related field.
• Proven experience in procurement or supply chain management roles.
• Strong negotiation skills and the ability to develop beneficial vendor partnerships.
• Excellent analytical skills with the ability to solve complex procurement issues.
• Effective communication and interpersonal skills to work cross-functionally.
• High proficiency in procurement software and tools, such as ERP systems.
• Strong understanding of market dynamics and global supply chain operations.
• Ability to multitask and manage multiple priorities under tight deadlines.