Procurement Executive (225-621)

A Procurement Executive plays a crucial role in the supply chain and management operations of an organization. This position is primarily responsible for managing and overseeing the purchasing activities, ensuring the timely acquisition of high-quality and cost-effective goods and services crucial to the company’s operations. The Procurement Executive is tasked with negotiating contracts, building and maintaining relationships with suppliers, and ensuring procurement practices comply with corporate policies and legal requirements. The role demands strong analytical, negotiation, and decision-making skills as well as a deep understanding of the market trends and logistical facets to secure beneficial arrangements. Moreover, this executive should be adept in processing financial transactions, monitoring inventory levels, and implementing strategic purchasing strategies that support the business's overall objectives.

Responsibilities

• Develop and implement purchasing strategies aligned with the company's objectives.
• Negotiate contract terms and pricing with suppliers for cost-effectiveness.
• Monitor supplier performance and ensure compliance with contract terms.
• Identify potential suppliers, evaluate offers, and select the most suitable ones.
• Manage relationships with key suppliers to maintain quality service level agreements.
• Coordinate with internal teams to understand the purchasing needs and requirements.
• Oversee purchase orders and ensure timely delivery of goods and services.
• Conduct market research to identify new opportunities and mitigate risks.
• Ensure procurement processes adhere to corporate policies and legal standards.
• Prepare and present regular reports to senior management on procurement activities.
• Optimize supply chain efficiency to reduce costs and improve profitability.
• Manage and resolve any issues related to vendor disputes or supply chain disruptions.

Requirements

• Bachelor’s degree in Business Administration, Supply Chain Management, or related field.
• Proven experience as a Procurement Executive or in a similar role in the industry.
• Strong negotiation skills and experience in handling supplier contracts and terms.
• Excellent analytical skills for market research and cost-benefit analysis.
• Familiarity with procurement software and inventory management systems is advantageous.
• Strong understanding of supply chain management and logistics processes.
• Excellent communication and interpersonal skills to work effectively with team members.