Procurement Executive 25N25

A Procurement Executive plays a crucial role in managing and optimizing the purchasing operations of an organization. The primary focus of this position is to ensure that the company acquires goods and services at competitive prices while maintaining the quality standards necessary for optimal operations. The Procurement Executive collaborates with suppliers to negotiate contracts, evaluate bids, and manage supplier relationships. This role requires an astute professional with a strategic mindset, capable of analyzing market trends and deciphering various procurement metrics. Effective communication, negotiation skills, and a robust understanding of supply chain management are essential attributes for success in this role. The ideal candidate will have a knack for identifying reliable vendors, ensuring timely deliveries, and implementing cost-saving measures that align with the organization’s objectives.

Responsibilities

• Develop and implement procurement strategies that are innovative and cost-effective.
• Negotiate favorable contract terms, pricing, and timelines with suppliers and vendors.
• Maintain and nurture supplier relationships, ensuring continuous supply chain improvements.
• Conduct market research to identify potential new suppliers and market trends.
• Ensure compliance with procurement policies, regulations, and ethical standards.
• Oversee procurement budget and ensure adherence to financial limits and objectives.
• Evaluate supplier performance based on quality, delivery speed, and service levels.
• Prepare and present regular procurement reports to senior management for review.
• Resolve any disputes or issues that arise with suppliers regarding products or services.
• Coordinate with internal departments to forecast upcoming supply needs and demands.
• Implement process improvements to enhance procurement efficiency and reduce costs.
• Monitor procurement KPIs, ensuring alignment with organizational goals and objectives.

Requirements

• Bachelor's degree in Business Administration, Supply Chain Management, or related field.
• Minimum of 3 years experience in procurement or supply chain management roles.
• Proven track record of successful negotiations and supplier management.
• Strong analytical skills with the ability to effectively interpret data and trends.
• Excellent communication and interpersonal skills for supplier and stakeholder engagement.
• Familiarity with procurement software and Microsoft Office Suite, especially Excel.
• Ability to work in a fast-paced environment and handle multiple priorities simultaneously.
• Certification in procurement (e.g., CIPS, CPSM) is an advantage but not mandatory.