Senior Purchase Executive

1. Strategic Sourcing & Procurement

• Develop and implement organization-wide procurement strategies.
• Identify and onboard reliable suppliers with a focus on quality, cost, and delivery timelines.
• Lead price negotiations, contract drafting, and finalization with suppliers.
• Create and process purchase orders aligned with operational requirements.

2. Supplier Relationship & Contract Management

• Build and maintain long-term, collaborative vendor relationships.
• Monitor supplier performance against KPIs (quality, delivery timelines, cost-effectiveness).
• Resolve disputes or discrepancies with vendors and ensure corrective actions are taken.
• Periodically review supplier contracts and update terms as needed.

3. Cost Optimization & Budget Control

• Monitor departmental budget adherence and implement cost-control initiatives.
• Track market trends, analyze pricing shifts, and anticipate cost escalations.
• Leverage volume buying and long-term agreements to ensure savings.
• Provide regular reports on cost-saving achievements and procurement efficiency.

4. Procurement Process & System Enhancement

• Review and improve existing procurement processes and SOPs.
• Identify opportunities to automate and digitalize purchase workflows using ERP tools.
• Ensure compliance with organizational policies and regulatory guidelines in all procurement activities.
• Conduct regular audits and risk assessments in procurement.

5. Inventory Coordination

• Collaborate with stores and inventory team to maintain optimal stock levels.
• Prevent stockouts or overstocking by aligning purchase plans with usage trends and lead times.
• Monitor inventory turnover and work to improve cycle accuracy and visibility.