Procurement Executive (225-901)

The role of a Procurement Executive is pivotal in managing the purchasing operations of a company. This individual is responsible for procuring goods and services that meet the quality, cost, and timing requirements of an organization. The Procurement Executive must maintain strong relationships with suppliers to ensure the consistent and timely supply of products. Their work ensures that the company can continue to operate efficiently and effectively. A Procurement Executive must have excellent negotiation skills, a keen eye for detail, and the ability to analyze market trends and prices. Additionally, they must be adept in supply chain management and possess the strategic acumen to foresee and mitigate potential procurement risks.

Responsibilities

• Develop and implement procurement strategies to ensure cost-effectiveness and quality delivery.
• Negotiate contracts with suppliers to secure favorable terms and conditions for the company.
• Monitor and manage supplier performance to ensure adherence to agreed standards and requirements.
• Maintain accurate records of purchases, pricing, and other important procurement data.
• Analyze market trends to forecast future procurement needs and potential price fluctuations.
• Work closely with various departments to understand their procurement needs and constraints.
• Ensure compliance with company policies and governmental regulations in all procurement activities.
• Review and process purchase orders and requisitions for goods and services.
• Establish and maintain strong relationships with reputable suppliers and vendors globally.
• Identify opportunities for improvement in the procurement process to increase efficiency and reduce costs.
• Lead and mentor a team of junior procurement staff and guide them in daily operations.
• Oversee the inventory management system to ensure optimal stock levels and minimize wastage.

Requirements

• Bachelor’s degree in Business Administration, Supply Chain Management, or a related field.
• Proven experience in a procurement or purchasing role, preferably in a similar industry.
• Strong analytical and negotiation skills with an ability to assess market conditions.
• Demonstrated ability to develop, manage, and monitor purchasing budgets effectively.
• Excellent communication and interpersonal skills for effective supplier relationship management.
• Proficiency in procurement software and systems, and Microsoft Office suite.
• Ability to work under tight deadlines and manage multiple projects simultaneously.