Senior Purchase Executive

Key Responsibilities:

1. Sourcing and Purchasing:

• Source and procure goods and services based on company needs, ensuring cost-efficiency and quality standards.
• Create and manage purchase orders (POs) and maintain accurate procurement records.
• Monitor inventory levels and ensure timely replenishment of stock.

2. Vendor Management:

• Develop and maintain strong relationships with existing suppliers.
• Identify and evaluate new potential suppliers to expand procurement options.
• Monitor supplier performance and resolve any issues related to delivery, quality, or service.

3. Negotiation and Contracting:

• Negotiate favorable terms and pricing with suppliers to secure the best value for the company.
• Assist in the development and management of supplier contracts, ensuring compliance with company policies and legal standards.
• Track contract expirations and ensure timely renewals or renegotiations.

4. Cost Management and Reporting:

• Monitor procurement budgets and track expenditures to ensure cost-effectiveness.
• Provide regular reports on procurement activities, including cost analysis, supplier performance, and inventory status.
• Identify opportunities for cost savings and process improvements.

5. Compliance and Documentation:

• Ensure all procurement activities comply with company policies, industry standards, and legal regulations.
• Maintain accurate documentation for all purchases, supplier agreements, and related transactions.
• Collaborate with finance and other departments to ensure proper financial tracking and reporting of purchases.

6. Collaboration and Support:

• Work closely with the operations, logistics, and finance teams to ensure smooth procurement operations.
• Assist in resolving any issues related to product availability, quality, or delivery delays.
• Support the procurement manager with administrative tasks and special projects as required.

Qualifications:

• Bachelors degree in Supply Chain Management, or a related field.
• 3-6 years of experience in procurement, purchasing, or a related role.
• Strong negotiation and communication skills.
• Excellent organizational and multitasking abilities.
• Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).
• Familiarity with procurement software and ERP systems( SAP )
• Ability to work under pressure and meet tight deadlines.
• Knowledge of procurement policies, regulations, and best practices.

Preferred Skills:

• Experience in managing vendor relationships and contracts.
• Analytical skills with the ability to interpret data and generate actionable insights.
• Certification in procurement or supply chain management (e.g., CPSM, CPP) is a plus.

Work Environment:

• The role may require occasional travel for vendor visits and meetings.
• Ability to work in a fast-paced, dynamic environment and manage multiple tasks simultaneously.