Purchase Executive (225-722)

The role of a Purchase Executive is pivotal in managing the procurement activities of an organization. This position involves sourcing suppliers, negotiating contracts, and ensuring timely delivery of materials essential for the business operations. A Purchase Executive works closely with various departments to understand their needs and ensure the procurement of high-quality and cost-efficient products or services. The ideal candidate should possess excellent negotiation skills, a keen eye for detail, and a comprehensive understanding of supply chain management. They must also be proficient in analyzing market trends to make informed purchasing decisions. A Purchase Executive plays a crucial role in maintaining the company's competitiveness by managing supplier relations and optimizing purchasing strategies.

Responsibilities

• Identify and engage with reliable suppliers to meet company procurement needs.
• Negotiate favorable payment terms and pricing strategies with suppliers.
• Develop and implement purchasing strategies aligned with company goals.
• Ensure timely delivery of goods and services as per the agreed schedules.
• Monitor inventory levels and manage purchasing orders accordingly.
• Collaborate with other departments to meet their procurement requirements.
• Analyze market trends and forecasts to plan procurement strategies.
• Maintain and update supplier databases and purchasing records accurately.
• Assess and manage the risks involved in the procurement process.
• Prepare and present regular procurement reports to senior management.
• Ensure compliance with company policies and industry regulations.
• Resolve any issues or disputes with suppliers in a timely manner.

Requirements

• Bachelor’s degree in Business Administration, Supply Chain Management, or related field.
• Minimum of 3 years of experience in a similar procurement role.
• Strong negotiation skills with a track record of successful agreements.
• In-depth knowledge of supply chain management best practices.
• Excellent analytical skills with the ability to analyze market trends.
• Proficient in using procurement software and Microsoft Office Suite.
• Strong communication and interpersonal skills for supplier relations.