Purchase Executive, procurement and purchase executive

develops procurement strategies, sources and evaluates suppliers, negotiates contracts for best terms, and manages inventory to ensure the timely, cost-effective acquisition of necessary goods and services

• Supplier Management:

  Identify, evaluate, and select suppliers based on price, quality, and delivery.

• Negotiation:

  Negotiate contracts, terms, and pricing with vendors and suppliers to secure favorable agreements.

• Strategy Development:

  Develop and implement effective procurement strategies to achieve cost savings and improve supply chain efficiency.

• Inventory Management:

  Monitor and maintain inventory levels to prevent stockouts and optimize costs.

• Process Management:

  Oversee the entire procurement process from supplier identification to contract management and ensures timely delivery of materials.

• Market Analysis:

  Monitor market trends, new products, and changes in regulations to identify cost-saving opportunities and ensure compliance.

• Collaboration:

  Work with internal stakeholders to understand purchasing needs and collaborate with cross-functional teams on demand forecasting.

• Record Keeping:

  Maintain accurate and up-to-date records of purchases, pricing, and inventory.

Required Skills and Qualifications

• Education:

  A Bachelor's degree in Supply Chain Management, Business Administration, or a related field is often required.

• Experience:

  Proven experience in a purchasing or procurement role.

• Negotiation Skills:

  Strong ability to negotiate contracts and terms with suppliers.

• Analytical Skills:

  Ability to analyze market trends, evaluate supplier performance, and identify cost-saving opportunities.

• Communication Skills:

  Excellent ability to communicate effectively with internal teams and external vendors.

• Organizational Skills:

  Strong organizational and time management skills to handle multiple tasks and meet deadlines.

• Technical Proficiency:

  Proficiency in procurement software and tools.

• Attention to Detail:

  A high level of accuracy in record-keeping and process management.

  Role & responsibilities

Preferred candidate profile