Procurement Executive (225-730)

The Procurement Executive plays a crucial role within the organization, ensuring that all purchasing strategies align with the company's objectives and yield optimal results. This professional is responsible for acquiring goods and services at competitive prices through strategic planning and negotiation, while maintaining excellent supplier relationships. Procurement Executives are integral to controlling costs and enhancing supply chain processes, which directly impacts the company's bottom line. They must navigate complex market dynamics, forecast demands, and manage supplier risks. This role requires meticulous attention to detail, a profound understanding of market trends, and a strategic mindset to drive efficiency and cost savings throughout procurement activities.

Responsibilities

• Develop and implement efficient procurement strategies to meet company goals.
• Negotiate terms and conditions with suppliers to secure the best prices.
• Maintain productive supplier relationships and manage supplier performance.
• Analyze market trends to identify potential sourcing opportunities and risks.
• Ensure compliance with procurement policies and regulatory requirements.
• Monitor inventory levels and forecast future needs for timely procurement.
• Coordinate with various departments to understand procurement requirements.
• Prepare cost-benefit analysis and support budget development processes.
• Implement contract management practices to drive business value and savings.
• Conduct regular review and audit of procurement processes for improvements.
• Resolve issues related to delivery and quality variations with suppliers.
• Ensure accurate record-keeping of all procurement processes and negotiations.

Requirements

• Bachelor’s degree in Business Administration, Supply Chain, or related field.
• Proven experience in procurement or supply chain management roles.
• Strong negotiation skills with a track record of successful outcomes.
• Excellent analytical and problem-solving abilities to drive procurement efficiency.
• Familiarity with procurement software and inventory management systems.
• Ability to work collaboratively with cross-functional teams and stakeholders.
• Strong written and verbal communication skills for effective supplier interaction.