Procurement Executive

Client of Talentmate

Description
A Procurement Executive plays a crucial role in an organization by managing and coordinating purchasing activities to ensure optimal inventory levels and procurement processes. They are responsible for sourcing and obtaining the best quality products and services at competitive prices. The position involves developing strategies to make procurement more efficient, while maintaining good working relationships with suppliers to negotiate beneficial terms. A Procurement Executive ensures that the procurement activities align with organizational goals and policies and comply with legal and budgetary considerations. They also stay updated on market trends to anticipate changes in supply requirements and adapt procurement strategies accordingly.

Responsibilities

• Develop and implement efficient procurement strategies and plans for the organization.
• Research and identify reliable suppliers of goods and services for company needs.
• Monitor inventory levels to determine when more goods should be purchased.
• Negotiate contracts, terms, and pricing agreements with suppliers and vendors.
• Review and analyze all vendors and suppliers to ensure quality and cost-effectiveness.
• Establish and maintain effective supplier relationships and monitor supplier performance.
• Ensure compliance with company policies, industry regulations, and legal requirements.
• Manage the procurement budget and prepare reports on procurement activities.
• Evaluate market trends to anticipate changes in the supply chain environment.
• Collaborate with internal departments to understand their procurement needs.
• Ensure timely delivery of goods and services to avoid project delays.
• Maintain comprehensive records of all purchasing activities and supplier agreements.

Requirements

• Bachelor s degree in Business Administration, Supply Chain Management, or related field.
• Proven experience as a Procurement Executive or similar position in the industry.
• Strong negotiation and contract management skills for effective supplier engagements.
• Excellent analytical skills to assess market trends and supplier proposals.
• Familiarity with inventory management and supply chain management software tools.
• Excellent organizational and time-management skills with great attention to detail.
• Strong oral and written communication skills for interacting with suppliers and team.