Procurement Executive 26D25

The Procurement Executive plays a vital role within an organization, spearheading the procurement of goods and services necessary for the company's operations. This position requires strategic thinking, savvy negotiation skills, and a keen ability to analyze market trends and supplier performance. As a Procurement Executive, you will be responsible for developing and executing procurement strategies, ensuring cost-effectiveness, and maintaining high standards in procurement processes. The role involves coordinating with various departments to understand their needs, ensuring timely availability of materials while adhering to budget constraints. A strong communicator, the Procurement Executive liaises with vendors to forge beneficial relationships and negotiate favorable contracts. By driving efficiency in procurement activities, this executive ensures the organization can achieve its operational goals and maintain competitive advantage.

Responsibilities

• Develop and implement procurement strategies aligned with company objectives and needs.
• Negotiate contracts with suppliers to secure the best terms and conditions possible.
• Coordinate with internal departments to understand their procurement requirements and timelines.
• Monitor market trends and supplier performance to make informed purchasing decisions.
• Ensure that all procurement activities are conducted in compliance with company policies.
• Manage supplier relationships to maintain quality standards and service levels.
• Identify opportunities for cost reduction and value improvement in procurement processes.
• Conduct regular audits of supplier performance and resolve any issues that arise.
• Track and report key functional metrics to reduce expenses and improve effectiveness.
• Collaborate with finance to ensure that procurement aligns with budget constraints.
• Prepare and submit detailed procurement reports and updates to senior management.
• Maintain a database of suppliers, contracts, and service agreements for easy reference.

Requirements

• Bachelor’s degree in Business Administration, Supply Chain Management, or a related field.
• Minimum of three years of experience in procurement or supply chain management.
• Strong negotiation skills and experience in managing vendor relationships effectively.
• Excellent analytical skills to assess market trends and supplier performance.
• Ability to prioritize tasks and manage multiple projects simultaneously under tight deadlines.
• Proficient in procurement software and Microsoft Office, especially Excel and Word.
• Excellent communication and interpersonal skills for internal and external collaboration.