Procurement Executive 31O25

The role of a Procurement Executive is vital within an organization as it involves handling procurement activities that are crucial for maintaining optimal levels of supply chain efficiency and cost-effectiveness. This position is responsible for sourcing and purchasing goods and services needed by the company while ensuring compliance with predetermined quality and cost expectations. A Procurement Executive works closely with suppliers, negotiates contracts, and fosters relationships to secure the best possible deals. This role requires excellent analytical skills to evaluate suppliers and discern product quality, as well as a keen eye for market trends. With their strategic thinking and detailed knowledge of product sourcing and laws, Procurement Executives contribute significantly to the company’s bottom line and operational capabilities.

Responsibilities

• Develop and implement procurement strategies in alignment with company goals.
• Conduct thorough market research to identify cost-effective purchasing sources.
• Negotiate and manage supplier contracts to ensure beneficial terms and compliance.
• Monitor supplier performance and address any issues or discrepancies promptly.
• Collaborate with key management to assess supply needs and budget constraints.
• Prepare detailed procurement reports and monitor expenditure against budgets.
• Maintain accurate records of supplier agreements and transactions effectively.
• Ensure compliance with procurement laws and internal policies consistently.
• Identify opportunities to enhance procurement processes and workflows.
• Manage relationships with suppliers to foster long-term partnerships.
• Provide training and support to junior procurement staff as necessary.
• Evaluate supplier bids and proposals for suitability and competitiveness.

Requirements

• Bachelor’s degree in supply chain management or a related field preferred.
• Proven experience in a procurement or purchasing role is essential.
• Strong negotiation skills and ability to influence stakeholders effectively.
• Excellent communication skills, both verbal and written, are required.
• Proficiency in procurement software and Microsoft Office Suite necessary.
• Ability to analyze data and make informed purchasing decisions quickly.
• Strong understanding of supply chain management and market dynamics.