Purchase Executive (225-1007)

The Purchase Executive plays a pivotal role in ensuring the acquisition of goods and services for a company at the most competitive prices and within budget. This role is essential for maintaining the supply chain's efficiency, as it involves researching suppliers, negotiating contracts, and ensuring the timely delivery of products. A Purchase Executive must possess strong analytical, negotiation, and interpersonal skills to manage vendor relationships effectively and to make informed purchasing decisions. Being a Purchase Executive requires a keen eye for detail and a strategic mindset to drive cost savings and quality improvements in procurement processes. This role is crucial for organizations that aim to optimize their expenditures while maintaining or enhancing product quality.

Responsibilities

• Identify and evaluate potential suppliers based on the company's procurement needs.
• Negotiate contracts, terms, and pricing with vendors to achieve optimal agreements.
• Monitor market trends and supplier performances to secure favorable purchasing deals.
• Ensure timely delivery of goods and services to support uninterrupted business operations.
• Maintain an updated database of suppliers, pricing, and inventory levels for reference.
• Prepare purchase orders and coordinate with the accounts department for payments.
• Conduct regular reviews of supplier performance and contract compliance.
• Resolve any discrepancies or issues with suppliers in a timely manner.
• Liaise with internal departments to understand and plan for material requirements.
• Implement cost reduction strategies and efficient purchasing procedures.
• Develop and maintain strong relationships with suppliers to optimize procurement processes.
• Stay informed about the latest industry trends and potential cost-saving areas.

Requirements

• Bachelor's degree in Supply Chain Management, Business Administration, or a related field.
• Proven experience as a Purchase Executive or in a similar procurement role.
• Strong negotiation skills and the ability to strike favorable contracts.
• Excellent analytical and problem-solving capabilities for strategic purchasing decisions.
• Proficiency in using procurement software and Microsoft Office Suite.
• Exceptional communication and interpersonal skills to manage vendor relationships effectively.
• Ability to work under pressure and handle multiple tasks in a fast-paced environment.