Purchase Executive (225-912)

The Purchase Executive plays a critical role in the procurement and supply chain management processes of an organization. This position requires a keen eye for detail, strong negotiation skills, and the ability to maintain excellent relationships with suppliers. A Purchase Executive is responsible for ensuring that the company secures quality goods and services at the best possible prices while maintaining inventory levels to meet operational needs. They must analyze market trends, evaluate supplier options, and implement strategic purchasing strategies that align with the company's objectives. Furthermore, a successful Purchase Executive must collaborate effectively with various departments, including finance, production, and logistics, to optimize supply chain efficiency and enhance profitability.

Responsibilities

• Develop strategies to manage and optimize the procurement process efficiently.
• Negotiate contracts with suppliers to secure favorable terms and conditions.
• Identify potential suppliers and evaluate their products and services quality.
• Maintain and update supplier records and product information databases regularly.
• Coordinate with the finance department to manage budgets and forecast purchasing needs.
• Analyze market trends to anticipate product demand and price fluctuations.
• Ensure purchase orders are processed timely and follow up on delivery schedules.
• Resolve vendor or supplier issues that arise in an efficient and timely manner.
• Collaborate with cross-functional teams to align purchasing activities with business goals.
• Review and analyze supplier performance metrics and initiate improvement plans.
• Conduct regular supplier audits to ensure compliance with company standards.
• Manage inventory levels by developing effective stock control systems and procedures.

Requirements

• Bachelor's degree in supply chain management, procurement, or a related field.
• Proven experience as a Purchase Executive or similar role in procurement.
• Strong understanding of supply chain and inventory management principles.
• Excellent negotiation skills and the ability to build lasting supplier relationships.
• Proficiency in using procurement and inventory management software applications.
• Outstanding analytical skills and attention to detail in evaluating supplier offers.
• Effective communication and interpersonal skills for teamwork and stakeholder engagement.