Senior Procurement Executive/ Buyer

Job Overview:

Key Responsibilities:

• Sourcing Suppliers:

  Identify and evaluate potential suppliers and vendors, assessing their capabilities, reliability, and cost-effectiveness.

• Request for Proposals (RFPs) and Bids:

  Prepare and distribute RFPs and bid invitations, review responses, and negotiate contracts with selected suppliers.

• Cost Analysis:

  Conduct cost analysis and price negotiations to obtain the best possible deals while maintaining quality standards.

• Supplier Relationship Management:

  Build and maintain strong relationships with suppliers, ensuring timely delivery, quality control, and resolving any supplier-related issues.

• Inventory Management:

  Monitor and manage inventory levels to avoid overstocking or stockouts, optimizing the procurement process.

• Compliance:

  Ensure procurement activities comply with relevant laws, regulations, and company policies.

• Budget Management:

  Collaborate with finance teams to create and manage procurement budgets, tracking expenses, and identifying cost-saving opportunities.

• Quality Control:

  Ensure that procured goods and services meet quality and performance standards.

• Documentation:

  Maintain accurate procurement records, including contracts, purchase orders, invoices, and reports.

• Market Research:

  Stay updated on industry trends, market conditions, and technological advancements to make informed procurement decisions.

• Risk Management:

  Identify potential risks in the procurement process and develop strategies to mitigate them.

Qualifications and Skills:

• Bachelor's degree in business, supply chain management, or a related field (may vary by organization).
• Proven experience in procurement or supply chain management.
• Knowledge of procurement software / MS office / Advanced Excel.
• Strong negotiation and communication skills.
• Analytical and problem-solving abilities.
• Attention to detail and organizational skills.
• Familiarity with legal and regulatory requirements related to procurement.