Purchase Executive (225-724)

A Purchase Executive plays a pivotal role in the supply chain management of an organization. This position is responsible for managing and overseeing the company's procurement activities. The Purchase Executive ensures that purchasing strategies and policies are aligned with the organizational goals and objectives, focusing on quality goods and services at optimum costs. With a strategic mindset and an adept understanding of market trends and supplier networks, the Purchase Executive negotiates contracts, maintains supplier relationships, and acts as a crucial link between vendors and the organization. A strong grasp of inventory management and logistic management, alongside a depth of experience in managing tender processes, is vital for success. Attention to detail, excellent negotiation skills, and the ability to forecast procurement needs in alignment with budgetary restrictions are characteristics integral to this role. The Purchase Executive works collaboratively across departments to determine procurement needs, manage projects, and produce timelines that ensure the consistent delivery of supplies and services.

Responsibilities

• Develop and implement strategic purchasing plans to ensure the procurement of high-quality goods.
• Negotiate contracts and agreements with suppliers to secure advantageous procurement terms.
• Monitor inventory levels, place orders, and ensure timely delivery to prevent shortages.
• Analyze market trends and apply this knowledge to make informed purchasing decisions.
• Evaluate suppliers based on price, quality, and delivery speed to optimize vendor selection.
• Maintain strong relationships with key suppliers to ensure quality and service consistency.
• Collaborate with various departments to forecast future procurement needs and budget requirements.
• Ensure compliance with procurement policies, legal regulations, and company guidelines.
• Review and process purchase orders efficiently and accurately to meet business needs.
• Manage tender processes and supplier bids for optimal procurement processes.
• Monitor and evaluate the performance and effectiveness of procurement strategies continuously.
• Resolve any procurement-related disputes in a timely and effective manner.

Requirements

• Bachelor’s degree in Supply Chain Management, Business Administration, or related field.
• Proven experience in a purchasing executive or a similar procurement role.
• Strong negotiation skills and the ability to maintain beneficial vendor relationships.
• Excellent analytical capabilities to interpret purchasing data and market trends.
• Understanding of procurement standards, regulations, and contract management processes.
• Detail-oriented with strong organizational skills to manage multiple procurement activities.
• Proficient with procurement software and familiar with inventory management systems.