Procurement Executive (225-907)

A Procurement Executive plays a crucial role in the acquisition of goods and services for an organization. This position involves researching and negotiating with suppliers to ensure high-quality products and services at the best prices. The Procurement Executive is responsible for streamlining procurement processes, maintaining accurate records, and supporting the organization in achieving optimal economic performance. Strong analytical, negotiation, and organizational skills are essential to thrive in this role, which often requires interaction with multiple departments, finance plans, and inventory management. Their expertise contributes significantly to the efficiency and profitability of the company.

Responsibilities

• Develop and implement procurement strategies to optimize purchasing processes and costs.
• Negotiate contracts with suppliers to secure advantageous terms and quality assurance.
• Evaluate and partner with reliable suppliers based on product quality, cost-effectiveness, and delivery times.
• Ensure compliance with company policies and industry regulations in procurement activities.
• Conduct regular market research to stay updated on industry trends and changing prices.
• Manage supplier relationships to foster partnerships and resolve any arising issues promptly.
• Collaborate with department heads to forecast procurement requirements and align purchases to company goals.
• Maintain accurate procurement records, including contract files, purchase orders, and inventory specifics.
• Prepare and present reports on procurement and supply activities to senior management.
• Analyze and anticipate risks in the supply chain, implementing strategies to minimize disruptions.
• Develop and implement cost-saving measures without compromising quality or supplier performance.
• Provide leadership and guidance to junior procurement staff and guide them in negotiations.

Requirements

• Bachelor's degree in Business Administration, Supply Chain Management, or a related field.
• Proven experience in procurement or supply chain operations for at least three years.
• Strong negotiation skills and a thorough understanding of supplier sourcing strategies.
• Excellent organizational and project management skills with meticulous attention to detail.
• Solid analytical abilities to assess cost-effectiveness and improve purchasing decisions.
• Proficiency in using procurement software and Microsoft Office suite, particularly Excel.
• Exceptional communication and interpersonal skills to handle supplier and stakeholder relationships.