Purchase Executive 18J25

The role of a Purchase Executive is pivotal within any organization's supply chain management. This position requires a strategic thinker with a keen understanding of procurement processes and the ability to negotiate favorable terms. The Purchase Executive is responsible for acquiring goods and services necessary for the company's operations while ensuring the best possible price and quality. This role involves maintaining solid relationships with suppliers, conducting thorough market research to identify potential vendors, and evaluating bids from suppliers. A Purchase Executive must be adept at managing inventory, forecasting purchase needs, and aligning procurement strategies with the company's financial goals. Attention to detail, excellent communication skills, and the ability to make data-driven decisions are crucial for success in this role. The position offers an opportunity to significantly impact the company's bottom line and operational efficiency.

Responsibilities

• Negotiate contracts, terms, and pricing with suppliers to ensure favorable agreements.
• Identify and evaluate new suppliers to ensure quality and cost-effectiveness.
• Analyze market trends and pricing to forecast purchasing needs and strategies.
• Manage inventory levels to avoid both shortages and overstock scenarios.
• Develop and maintain positive relationships with key suppliers and vendors.
• Coordinate with different departments to determine purchasing needs and specifications.
• Review and analyze supplier performance to ensure compliance and quality standards.
• Prepare and process purchase orders and requisitions as required by the company.
• Conduct regular audits of purchased products to ensure integrity and quality.
• Monitor delivery schedules and resolve any delays with suppliers promptly.
• Work with accounting to resolve invoicing discrepancies related to procurement.
• Utilize procurement software to optimize purchasing processes and data management.

Requirements

• Bachelor's degree in Business Administration, Supply Chain Management, or related field.
• Minimum of 3 years experience in a purchasing or procurement role.
• Strong negotiation skills and the ability to build lasting supplier relationships.
• Proficiency in procurement software and Microsoft Office applications.
• Excellent analytical and organizational skills for managing data and inventories.
• Ability to work independently and handle multiple projects simultaneously.
• Strong communication skills, both written and verbal, for supplier interactions.