Purchase Executive 22N25

The Purchase Executive plays a pivotal role in overseeing and managing the procurement of products and services for an organization. This position requires a strategic approach to purchasing to ensure that goods and services are sourced in a cost-effective way, without compromising on quality. The Purchase Executive liaises with suppliers, negotiates contracts, and works closely with internal departments to understand their needs and requirements. Given the ever-evolving market demands, this role is crucial for maintaining an organization's competitive edge. The successful candidate will have an eye for detail, strong negotiation skills, and a good understanding of supply chain management. They will be instrumental in driving the purchasing strategies to achieve optimal cost savings and efficiencies, ensuring that the organization's operational goals are met satisfactorily.

Responsibilities

• Develop and implement effective purchasing strategies for all procurement activities.
• Negotiate with suppliers to secure advantageous terms and reduce costs.
• Evaluate and select suppliers based on price, quality, and speed of delivery.
• Maintain accurate and complete records of all purchase orders and requisitions.
• Collaborate with key internal stakeholders to determine procurement needs and specifications.
• Monitor market trends to identify changes in supply and demand dynamics.
• Manage supplier relationships to ensure quality and timely delivery of goods.
• Review existing contracts and ensure compliance with company policies and standards.
• Analyze inventory levels to anticipate demand and reduce excess stock holdings.
• Lead initiatives for cost savings and efficiency improvements in the supply chain.
• Ensure that all procurement activities align with the organization’s ethical and sustainability commitments.
• Prepare and present reports on purchasing activities and cost analysis to senior management.

Requirements

• Bachelor’s degree in business administration, supply chain management, or related field.
• Minimum of three years of experience in a purchasing or procurement role.
• Strong negotiation skills and the ability to build productive relationships.
• Knowledge of supply chain management and procurement best practices.
• Proficiency in procurement software and Microsoft Office Suite, especially Excel.
• Excellent analytical skills with a keen attention to detail and accuracy.
• Strong organizational skills and the ability to manage multiple tasks effectively.