Purchase Executive

Job Title:

Department:

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Job Summary:

Key Responsibilities:

Supplier Management:

• Identify, evaluate, and select suppliers based on quality, cost, reliability, and other criteria.
• Negotiate terms and conditions with suppliers to secure advantageous agreements.
• Maintain strong relationships with suppliers and address any issues or concerns promptly.

Purchase Planning:

• Collaborate with various departments to determine procurement needs.
• Develop and implement procurement strategies to meet organizational goals.
• Forecast demand and ensure stock levels are maintained to prevent shortages or excess inventory.

Purchase Order Processing:

• Prepare purchase orders and ensure accuracy in item descriptions, quantities, and pricing.
• Track and manage open purchase orders to ensure on-time delivery.
• Review and approve purchase requisitions from various departments.

Cost Analysis and Negotiation:

• Analyze pricing and cost structures to identify cost-saving opportunities.
• Negotiate favorable terms and conditions with suppliers to achieve cost reduction goals.
• Monitor market trends and pricing to make informed procurement decisions.

Quality Control:

• Work with quality assurance teams to ensure purchased products meet quality standards.
• Address and resolve quality issues with suppliers promptly.

Compliance and Documentation:

• Ensure compliance with company policies and relevant regulations in the procurement process.
• Maintain accurate and up-to-date procurement records and documentation.

Inventory Management:

• Monitor and control inventory levels to minimize carrying costs.
• Implement inventory optimization techniques to improve efficiency.

Qualifications:

• Bachelor's degree in Business Administration, Supply Chain Management, or a related field.
• Proven experience in procurement or a similar role.
• Strong negotiation and communication skills.
• Knowledge of procurement best practices and supply chain management.
• Proficiency in using procurement software and tools.
• Attention to detail and organizational skills.
• Ability to work independently and as part of a team.

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