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Procurement Executive

Procurement Executive

JLL

0 years

0 Lacs

bengaluru karnataka india

Posted:1 day ago| Platform:

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Skills Required

procurement strategies finance research analysis analyze contracts compliance inventory management logistics drive collaboration negotiation software communication

Work Mode

On-site

Job Type

Full Time

Job Description

Work Dynamics

Job Title: Procurement ExecutiveLocation: BangaloreReports To: Procurement ManagerJob Overview: The Procurement Executive is responsible for overseeing and managing all aspects of the procurement process within the organization. They work closely with various departments to ensure timely and cost-effective acquisition of goods and services. The Procurement Executive will also be involved in developing and implementing procurement strategies, as well as identifying and evaluating potential suppliers and vendors.Key Responsibilities:

Develop and implement procurement strategies and policies to ensure efficient and effective procurement processes.
Collaborate with stakeholders, such as project managers, finance, and operations, to understand their procurement needs and allocate resources accordingly.
Identify potential suppliers and vendors, evaluate their capabilities, negotiate terms and conditions, and establish long-term relationships to ensure a reliable and competitive supply chain.
Conduct market research and analysis to identify market trends, new products, and innovative procurement strategies.
Manage the procurement process, including issuing and evaluating RFQs (Request for Quotations), RFPs (Request for Proposals), and RFIs (Request for Information).
Review and analyze supplier proposals, negotiate contracts, and ensure compliance with legal and regulatory requirements.
Monitor supplier performance, including delivery times, quality of goods and services, and adherence to contractual agreements.
Oversee inventory management and coordinate with warehouse and logistics teams to ensure timely delivery of goods.
Maintain accurate records of procurement activities, including contracts, bids, and supplier information.
Stay up-to-date with industry trends and best practices in procurement to drive continuous improvement and cost savings initiatives.
Develop and maintain strong relationships with internal stakeholders and external suppliers to enhance collaboration and performance.

Qualifications and Skills:

Bachelor's degree in Business Administration, Supply Chain Management, or a related field. A master's degree or professional certifications
Proven experience in procurement or supply chain management, preferably in a corporate environment.
Strong knowledge of procurement principles, best practices, and industry trends.
Familiarity with contract negotiation and legal terms and conditions.
Excellent analytical and problem-solving skills with a strategic mindset.
Excellent negotiation and vendor management skills.
Strong organizational and time management abilities.
Proficient in using procurement software and MS Office suite.
Strong interpersonal and communication skills, both written and verbal.

Note:

This job description is intended to convey information essential to understanding the scope of the Procurement Executive's position and the general nature and level of work performed. It is not intended to be an exhaustive list of qualifications, skills, duties, responsibilities, or working conditions associated with the position.

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Procurement Executive