Procurement Executive 18D25

The Procurement Executive is a crucial link between a company and its suppliers, responsible for managing the organization's purchasing activities to ensure the efficient acquisition of goods and services. This role demands a high level of expertise in negotiation, supplier relationship management, and strategic planning to ensure cost-effectiveness and compliance with supply chain regulations. The incumbent will play a vital role in developing sourcing strategies, managing procurement processes, and maintaining inventory levels to meet operational demands. Strong analytical skills and a good understanding of market dynamics are essential to optimize procurement strategies. The ideal candidate will work closely with various departments to align procurement strategies with the company’s goals, ensuring that all procurement activities support broader business objectives. This position requires excellent communication skills and the ability to work in a fast-paced environment to manage multiple procurement projects effectively.

Responsibilities

• Develop and implement comprehensive sourcing strategies to meet company objectives.
• Conduct thorough market research to identify potential suppliers and market trends.
• Negotiate contracts and agreements to secure the best terms and conditions.
• Manage relationships with existing and potential suppliers to ensure continuity.
• Analyze procurement data to identify cost-saving opportunities and efficiencies.
• Monitor and manage inventory levels to prevent shortages or overstock situations.
• Ensure procurement practices comply with all relevant regulations and standards.
• Collaborate with cross-functional teams to align procurement strategies with business needs.
• Review and approve purchase orders and supplier invoices for accuracy and compliance.
• Develop and maintain procurement policies and procedures to optimize processes.
• Prepare detailed reports on procurement activities and performance metrics for management.
• Lead initiatives to improve supply chain processes and supplier performance.

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 negotiation and communication skills with an ability to influence decisions.
• Proficient in procurement software and Microsoft Office Suite, especially Excel.
• Exceptional organizational skills with a keen attention to detail and accuracy.
• Ability to manage multiple projects simultaneously in a fast-paced environment.
• In-depth understanding of procurement and supply chain processes and strategies.