Senior Procurement Executive 08D25

The role of a Senior Procurement Executive is crucial in steering the procurement strategies to ensure that the organization's purchasing policies and procedures are efficient and cost-effective. The position involves managing a team of procurement professionals, ensuring compliance with procurement policies, negotiating contracts with vendors, and continuously seeking improvements in supply chain efficiency. The successful candidate will have significant experience in procurement or supply management, and the ability to manage multiple tasks concurrently. This role is strategic in nature and requires strong leadership, excellent negotiation skills, and a thorough understanding of market dynamics and supplier relationships. As a Senior Procurement Executive, you will work closely with different departments to understand their needs and ensure the supply of high-quality goods and services in a timely and budget-friendly manner.

Responsibilities

• Develop and implement effective procurement strategies across all business units.
• Lead and manage the procurement team to meet departmental objectives.
• Negotiate and secure favorable terms and contracts with suppliers and vendors.
• Ensure compliance with all procurement policies, procedures, and regulations.
• Analyze market trends to identify and capitalize on procurement opportunities.
• Collaborate with internal departments to ensure alignment of procurement practices.
• Oversee supplier performance management and address areas for improvement.
• Prepare and present detailed procurement reports to senior management.
• Manage the procurement budget and ensure cost-effective purchasing decisions.
• Develop long-term sourcing strategies to support organizational objectives.
• Evaluate and improve current supply chain practices for optimal efficiency.

Requirements

• Bachelor's degree in Business Administration, Supply Chain Management, or related field.
• Minimum of 7 years of experience in procurement or supply management.
• Strong leadership skills with experience in managing a procurement team.
• Excellent negotiation skills and the ability to influence stakeholders effectively.
• In-depth knowledge of procurement regulations and compliance requirements.
• Ability to analyze complex procurement data and drive insightful decision-making.
• Proven track record of successful supplier relationship management.