Purchase Executive

Overview:

Key Responsibilities:

• Conducting market research to identify potential suppliers and evaluate their products and services
• Negotiating pricing terms and contracts with suppliers to secure favorable terms for the organization
• Coordinating with internal stakeholders to understand their purchasing needs and requirements
• Preparing and processing purchase orders and ensuring timely delivery of materials and services
• Monitoring and maintaining optimal inventory levels to meet demand while minimizing excess inventory
• Developing and implementing procurement strategies to improve efficiency and costeffectiveness
• Collaborating with vendors and maintaining strong supplier relationships
• Identifying costsaving opportunities and implementing cost reduction initiatives
• Ensuring compliance with procurement policies procedures and regulations
• Conducting regular supplier performance evaluations
• Resolving supply chain and logistics issues to minimize disruptions
• Participating in supplier selection and qualification processes
• Coordinating with finance and accounting departments for invoice processing and payment
• Utilizing procurement software and tools to enhance purchasing processes and data analysis
• Contributing to the development and implementation of purchasing strategies and best practices

Required Qualifications:

• Bachelors degree in Business Administration Supply Chain Management or related field
• Proven experience working in a purchasing or procurement role
• Strong negotiation and communication skills
• Proficient in vendor management and relationship building
• Excellent analytical and problemsolving abilities
• Indepth knowledge of procurement processes and best practices
• Good understanding of inventory control and demand forecasting
• Ability to work in a fastpaced and dynamic environment
• Proficiency in procurement software and tools
• Understanding of supply chain management principles
• Strong attention to detail and accuracy
• Ability to prioritize and manage multiple tasks simultaneously
• Familiarity with legal and contractual aspects of procurement
• Knowledge of industry trends and market dynamics
• Certification in purchasing or supply chain management is a plus

negotiation,procurement,vendor management,analytical thinking,inventory control,supply chain management