Senior Purchase Executive (225-927)

The Senior Purchase Executive plays a critical role in managing the procurement processes within an organization. This position requires the individual to oversee purchasing activities, manage supplier relations, negotiate contracts, and ensure cost-effective procurement of goods and services. The Senior Purchase Executive is integral in developing and implementing purchasing strategies that align with the company’s objectives and financial goals. The role involves close collaboration with various departments to ensure that procurement processes are efficient and in line with organizational policies. The ideal candidate will have extensive experience in sourcing and purchasing, excellent negotiation skills, and a keen eye for cost-saving opportunities. Working in this capacity requires a deep understanding of market trends, supplier capabilities, and contract management, enabling the business to optimize its resources effectively. Additionally, the Senior Purchase Executive will be expected to demonstrate leadership and mentoring skills to guide junior staff within the procurement team.

Responsibilities

• Develop and implement effective procurement strategies to optimize supply chain management.
• Negotiate favorable terms and conditions with suppliers to achieve cost savings.
• Establish and maintain strong relationships with vendors and suppliers.
• Manage the supplier evaluation and qualification processes to ensure quality standards.
• Analyze purchase requisitions for accuracy and compliance with company policies.
• Monitor and evaluate market trends to identify new procurement opportunities.
• Coordinate with internal departments to understand their purchasing needs and requirements.
• Prepare and manage purchase orders and acquisition documentation meticulously.
• Ensure timely delivery of goods and materials by following up with suppliers.
• Conduct regular audits of supplier performance and procurement processes.
• Lead and mentor a team of junior buyers and procurement officers.
• Stay informed about advancements in procurement technologies and tools.

Requirements

• Bachelor’s degree in Supply Chain Management, Business Administration, or related field.
• Minimum of 5 years of experience in a procurement or purchasing role.
• Proven track record of negotiating favorable terms with suppliers.
• Strong understanding of supply chain management and procurement best practices.
• Excellent analytical and problem-solving skills are essential for effective procurement.
• Proficiency in procurement software and Microsoft Office Suite.
• Exceptional communication and interpersonal skills to interact with stakeholders.