Procurement Executive (225-909)

The Procurement Executive plays a crucial role in ensuring that an organization acquires the products and services necessary for its operational needs at the best possible cost and quality. This position involves strategizing, managing supplier relationships, and negotiating deals that align with company objectives. A successful Procurement Executive will understand market trends, vendor offerings, and will possess exceptional negotiation skills to ensure cost-effectiveness and maintain the quality of goods. This person will interact with multiple departments to understand the purchasing needs and will work towards developing innovative procurement strategies. Working in this role demands a keen eye for detail, excellent analytical capabilities, and strong communication skills to negotiate terms and handle supply challenges effectively.

Responsibilities

• Develop and implement procurement strategies that align with company objectives and goals.
• Manage vendor relationships to ensure the highest quality goods and services are obtained.
• Negotiate contracts and terms with suppliers to achieve cost savings and improved deliverables.
• Conduct market research and analysis to understand vendor and market trends.
• Collaborate with departments to identify purchasing needs and expectations.
• Monitor supplier performance to ensure compliance with contractual obligations and service expectations.
• Analyze inventory to maintain stock levels and understand purchasing patterns.
• Ensure that procurement processes comply with legal requirements and ethical standards.
• Prepare reports on procurement activity, savings, and supplier performance for management review.
• Develop risk management strategies regarding supply contracts and agreements.
• Identify and implement continuous improvement initiatives within the procurement process.
• Train and mentor junior procurement staff to develop their skills and capabilities.

Requirements

• Bachelor’s degree in Supply Chain Management, Business Administration, or a related field.
• Minimum of three years of experience in procurement or a similar role.
• Strong negotiation skills with a proven track record of cost reductions and value additions.
• Excellent analytical skills to interpret data and make informed procurement decisions.
• Proficiency in using procurement software and Microsoft Office Suite.
• Detail-oriented with strong organizational skills to manage multiple projects concurrently.
• Effective communication skills to negotiate and maintain relationships with vendors.