Procurement Executive (225-1011)

A Procurement Executive is a crucial role in the supply chain management of an organization, focusing on acquiring goods and services at the best possible costs and quality. This position involves strategizing on how to manage the company’s procurement process to ensure the efficient flow of materials and supplies needed for operations. The Procurement Executive oversees vendor selection, supplier relationships, contract negotiations, and maintains a keen eye on budgets, ensuring that the organization gets maximum value from its spending. This role requires strong analytical skills, excellent negotiation abilities, and a detailed understanding of market dynamics. A Procurement Executive plays a strategic role in controlling costs, managing supplier relationships, and boosting the company's financial efficiency by ensuring an effective supply chain process.

Responsibilities

• Develop and implement procurement strategies consistent with company goals and objectives.
• Negotiate contracts and ensure compliance with terms and conditions of agreements.
• Identify and engage with reliable and high-quality suppliers and vendors regularly.
• Monitor and forecast upcoming levels of demand for products and services.
• Conduct comprehensive cost analyses to maintain an effective budgeting strategy.
• Maintain detailed records of the company’s procurements and supplier evaluations.
• Ensure transparent, consistent, and ethical procurement processes across the organization.
• Coordinate with internal departments to align procurement processes to their requirements.
• Track and report key functional metrics to reduce expenses and improve effectiveness.
• Manage supplier performance and establish key performance indicators for assessment.
• Ensure inventory is managed and controlled to prevent over or under-stocking.
• Stay informed about advancements and changes in the procurement field.

Requirements

• Bachelor’s degree in Business Administration, Supply Chain Management, or related field.
• Minimum of three years of experience in procurement or supply chain management.
• Strong understanding of market dynamics and sound business judgment abilities.
• Excellent negotiation skills with a proven ability to maintain supplier relations.
• Proficiency in procurement software and understanding of cloud-based procurement systems.
• Demonstrated ability to develop and implement procurement strategies effectively.
• Excellent communication and interpersonal skills to coordinate with cross-functional teams.