Procurement Executive 20O25

The role of a Procurement Executive is pivotal in ensuring that a company’s procurement operations run smoothly, efficiently, and cost-effectively. As a key member of the procurement team, the Procurement Executive is responsible for sourcing, negotiation, and purchase of essential products and services needed for the organization. They work closely with suppliers to secure favorable terms and ensure timely delivery while maintaining quality. Additionally, the Procurement Executive collaborates with various internal departments to understand their needs and challenges, aligning procurement strategies to support business goals. This position requires meticulous attention to detail, exceptional negotiation skills, and the ability to thrive in a dynamic and fast-paced environment. Ultimately, the Procurement Executive plays a vital role in optimizing procurement processes and contributing to the company's overall profitability.

Responsibilities

• Develop and implement effective procurement strategies aligned with business goals.
• Analyze market trends to identify potential suppliers and assess their capabilities.
• Negotiate contracts with suppliers to secure advantageous terms and conditions.
• Manage the procurement process to ensure timely and cost-effective delivery of goods.
• Maintain records of goods ordered and received to ensure accuracy and compliance.
• Coordinate with internal departments to match procurement strategies with operational needs.
• Conduct cost analysis and set benchmarks for cost control and reduction.
• Evaluate supplier performance and manage relationships to ensure quality standards.
• Resolve any issues or conflicts arising from procurement activities or suppliers.
• Stay informed about advancements in procurement technology and best practices.
• Ensure adherence to company policies and regulatory standards in procurement activities.
• Prepare reports on procurement metrics and analyze data to drive informed decisions.

Requirements

• Bachelor’s degree in Supply Chain Management, Business Administration, or related field.
• Proven experience in procurement or a similar role within a corporate environment.
• Strong negotiation skills and the ability to build long-term supplier relationships.
• Excellent analytical skills with a good understanding of cost analysis and budgeting.
• Familiarity with procurement software and tools to streamline purchasing processes.
• Ability to manage multiple tasks simultaneously and work under tight deadlines.
• Exceptional communication and interpersonal skills to collaborate with various stakeholders.
• Strong organizational skills and attention to detail, ensuring accurate documentation.
• Sound knowledge of supplier management practices and procurement regulations.