PURCHASE EXECUTIVE
PURCHASE EXECUTIVE
Posted on :
20-12-2024
Employer Active
1 Vacancy
Job Alert
You will be updated with latest job alerts via emailValid email field required
Send jobs
Share
Send me jobs like this
Job Alert
You will be updated with latest job alerts via emailValid email field required
Send jobs
Job Description
Overview
The Purchase Executive plays a pivotal role in the procurement process within the organization ensuring that materials and services are sourced effectively and efficiently. This position requires developing strong relationships with suppliers managing purchase orders and ensuring that procurement policies and procedures are adhered to. The Purchase Executive not only contributes to the financial stability of the company through judicious purchasing decisions but also enhances operational efficiency by optimizing the supply chain. Additionally the role demands a keen eye for detail and the ability to make informed decisions based on market trends. As part of the purchasing team the Purchase Executive collaborates closely with other departments such as finance inventory management and production to ensure that the organization s goals are met. Effective negotiation skills and market understanding are essential to achieve favorable contract terms and maintain quality standards making this position critical in ensuring the overall success and competitiveness of the organization.
Key Responsibilities
- Identify and evaluate potential suppliers and maintain a database of reliable sources.
- Negotiate contracts pricing and terms with suppliers to achieve cost savings.
- Prepare purchase orders and confirm orders with suppliers to ensure timely procurement.
- Monitor inventory levels and reorder supplies as necessary to prevent stock shortages.
- Collaborate with crossfunctional teams to determine product specifications and requirements.
- Analyze market trends and adjust purchasing strategies accordingly.
- Maintain accurate records of purchases pricing and supplier performance.
- Review and approve supplier invoices to ensure accuracy and compliance.
- Develop and maintain relationships with key suppliers to ensure quality and timely delivery.
- Conduct regular audits of supplier performance and address any noncompliance issues.
- Assist in developing purchasing strategies aligned with company objectives.
- Provide reports and insights on purchasing activities and expenditures to management.
- Stay updated on industry trends and innovations to enhance procurement strategies.
- Resolve any issues related to procurement including delivery delays or quality concerns.
- Implement costreduction initiatives while ensuring quality and service levels.
Required Qualifications
- Bachelor s degree in Business Administration Supply Chain Management or related field.
- Minimum of 24 years of experience in procurement or purchasing.
- Strong understanding of procurement processes and supply chain management.
- Proficiency in Microsoft Office Suite particularly Excel.
- Familiarity with procurement software and ERP systems.
- Excellent negotiation and communication skills.
- Demonstrated ability to analyze data and make informed purchasing decisions.
- Detailoriented with strong organizational skills.
- Ability to work independently and collaboratively in a team environment.
- Understanding of legal aspects related to procurement and contracting.
- Experience in supplier evaluation and relationship management.
- Knowledge of market trends and product sourcing.
- Strong problemsolving skills with the ability to adapt to changing conditions.
- Certification in Procurement or Supply Chain Management is a plus.
- Ability to work under pressure and meet tight deadlines.
- Aptitude for numerical analysis and financial management.
cost analysis,time management,purchase orders,numerical analysis,supplier evaluation,excel,problem-solving,erp systems,opex,supply,relationship management,procurement,negotiation,data analysis,financial management,analytical thinking,supply chain,microsoft office suite,market trend analysis,communication skills,communication,procurement software,supply chain management,market research,vendor management,capex,negotiation skills
Employment Type
Full Time
Report This Job
Disclaimer: Drjobpro.com is only a platform that connects job seekers and employers. Applicants are advised to conduct their own independent research into the credentials of the prospective employer.We always make certain that our clients do not endorse any request for money payments, thus we advise against sharing any personal or bank-related information with any third party. If you suspect fraud or malpractice, please contact us via contact us page.
