Procurement Executive (225-817)

The role of a Procurement Executive is pivotal within any organization as it directly influences the efficiency and cost-effectiveness of company operations. A Procurement Executive is responsible for devising and implementing procurement strategies that enhance product quality and cost-effectiveness. This role requires strong negotiation skills, market insight, and a firm understanding of supply chain activities to ensure products and services are procured at optimum prices. Moreover, a Procurement Executive works closely with suppliers, initiates request-for-proposal processes, and oversees contract management. This professional liaises with various departments to understand procurement needs, ensuring a continuous supply of necessary goods and services. This position demands an individual who is adept at balancing cost optimization and ensuring quality and supply chain sustainability. If you are detail-oriented, have excellent problem-solving skills, and thrive in dynamic environments, consider joining our team as a Procurement Executive.

Responsibilities

• Develop and implement procurement strategies to reduce costs and improve quality.
• Negotiate contracts with suppliers to secure advantageous terms and conditions.
• Identify and evaluate potential suppliers and vendors using market research.
• Manage supplier relationships and develop strong partnerships for long-term success.
• Conduct regular reviews of strategy effectiveness and make necessary adjustments.
• Oversee the procurement process, ensuring compliance with company policies.
• Analyze market trends to foresee shifts in supply and demand patterns.
• Coordinate closely with stakeholders to address specific procurement needs.
• Ensure timely procurement and delivery of goods and services to meet operational needs.
• Monitor supplier performance and manage any issues related to delivery and quality.
• Maintain accurate records and reports related to procurement activities and decisions.
• Implement new procurement processes to enhance operational efficiency.

Requirements

• Bachelor’s degree in Supply Chain Management, Business Administration, or related field.
• Minimum of 3 years of experience in procurement, sourcing, or supply chain management.
• Strong negotiation skills with a proven track record in supplier management.
• Excellent analytical skills with the ability to interpret complex data.
• Effective communication skills for liaising with vendors and internal teams.
• Proficiency in procurement software and Microsoft Office suite, particularly Excel.
• Strong decision-making ability and attention to detail are essential.