Purchase Executive (225-702)

The role of a Purchase Executive is critical within any organization, serving as a bridge between the company and its suppliers. A Purchase Executive is responsible for ensuring that the organization secures the best products or services at the most favorable prices. This position involves managing supplier relationships, negotiating contracts, and ensuring that goods are delivered in a timely manner. The Purchase Executive plays a pivotal role in maintaining the balance between quality and cost-efficiency, while also managing inventory levels and analyzing market trends. Working closely with different departments, a Purchase Executive ensures that all procurement activities align with the company’s strategic goals and budgetary limitations.

Responsibilities

• Develop and maintain strong relationships with suppliers and vendors to ensure timely delivery of goods.
• Negotiate contracts and agreements to get competitive pricing and favorable terms.
• Monitor and evaluate supplier performance to ensure compliance with company policies.
• Analyze market and delivery systems to assess present and future material availability.
• Coordinate with internal departments to meet their product specifications and quality standards.
• Prepare and process purchase orders and documents in accordance with company policies.
• Review inventories and order as necessary to maintain optimal stock levels.
• Resolve vendor or contractor grievances and claims against suppliers.
• Conduct risk assessments on potential contracts and agreements to mitigate organizational risks.
• Collaborate with finance and budgeting departments to ensure procurement aligns with budgetary constraints.
• Keep informed about economic and business trends within the industry and globally.
• Assist in developing procurement strategies that enhance the company's operations and financial performance.

Requirements

• Bachelor's degree in Business Administration, Supply Chain Management, or related field.
• Proven experience as a Purchase Executive or similar procurement role.
• Strong negotiation skills and experience conducting contract negotiations.
• Ability to work with high volume requisitions and manage numerous demands effectively.
• Excellent organizational and time management skills with attention to detail.
• Proficiency in Microsoft Office Suite and procurement software tools.
• Strong analytical skills with the ability to analyze complex data and make strategic decisions.