Purchase Executive 16F25

The role of a Purchase Executive is vital in ensuring the smooth operation of procurement processes within an organization. As a Purchase Executive, you will be responsible for managing the purchasing activities essential for the company's operations, which include acquiring goods and services efficiently and cost-effectively. This position demands a profound understanding of supply chain management, market research, and strategic negotiation to ensure that the organization benefits from quality products at the best prices. As a part of the procurement team, you will collaborate with various departments to meet their material and service needs while adhering to budgetary constraints and maintaining quality standards. This role is key to achieving business objectives and optimizing resource utilization.

Responsibilities

• Develop and implement purchasing strategies in alignment with organizational goals and policies.
• Coordinate with internal departments to assess procurement requirements and schedule resource allocation.
• Identify, evaluate, and manage relationships with vendors and suppliers to secure cost-effective deals.
• Conduct market research to stay informed about product availability and pricing trends.
• Negotiate terms and conditions of contracts with suppliers to ensure favourable procurement deals.
• Prepare and process purchase orders and ensure compliance with company policies and procedures.
• Monitor and manage inventory levels, making adjustments as needed to avoid shortages or excess.
• Resolve issues with suppliers regarding delivery, quality, and payment discrepancies effectively.
• Review and analyze supplier performance data to optimize vendor partnerships and procurement processes.
• Work closely with the finance department to ensure purchases stay within budget constraints.
• Stay updated on new products and services to recommend beneficial procurement options.
• Develop risk management procedures to mitigate potential supply chain disruptions.

Requirements

• Bachelor's degree in Business Administration, Supply Chain Management, or related field.
• A minimum of 3 years of experience in a purchasing or procurement role is essential.
• Strong negotiation skills and ability to build relationships with suppliers effectively.
• Excellent analytical skills with the ability to forecast future procurement needs.
• Proficiency in procurement software and tools to manage purchasing activities efficiently.
• Strong organizational and multitasking abilities with keen attention to detail.
• Effective communication and interpersonal skills to collaborate across departments.