Purchase Executive 29N25

The Purchase Executive plays a crucial role in the procurement and supply chain management of a company. This position is responsible for ensuring that the organization's operational needs are met while considering cost, quality, and delivery to ensure the continuity of supply. The Purchase Executive interacts with various departments, evaluates suppliers, and negotiates prices and terms to secure the best deals. They contribute to cost reduction and efficiency improvements by devising and implementing effective purchasing strategies. To be successful in this role, a Purchase Executive should have strong analytical skills, exceptional negotiation abilities, and a deep understanding of market trends.

Responsibilities

• Develop and implement effective purchasing strategies for the organization.
• Analyze market trends to identify potential suppliers and assess their capabilities.
• Negotiate favorable terms, pricing, and delivery conditions with suppliers.
• Maintain strong relationships with key suppliers to secure long-term collaborations.
• Coordinate with internal departments to understand purchasing needs and requirements.
• Review and process purchase orders and ensure accuracy and compliance with policies.
• Monitor inventory levels and ensure timely replenishment of stock.
• Evaluate supplier performance and maintain records of supplier evaluations.
• Identify cost-saving opportunities and implement strategies to reduce expenditures.
• Resolve issues related to invoice discrepancies, delivery delays, and product defects.
• Prepare reports and provide insights on purchasing activities to management.
• Stay updated on industry trends and emerging suppliers to maintain a competitive edge.

Requirements

• Bachelor’s degree in Business Administration, Supply Chain, or a related field.
• Proven experience as a Purchase Executive or in a similar procurement role.
• Strong negotiation and communication skills to engage effectively with suppliers.
• Excellent analytical skills to assess market trends and supplier performance.
• Proficiency in procurement software and Microsoft Office Suite applications.
• Ability to manage multiple tasks and meet tight deadlines in a fast-paced environment.
• Strong organizational skills with meticulous attention to detail and accuracy.