Procurement Executive

Job Description:

We are seeking a talented Procurement Executive to streamline our purchasing processes and ensure the timely acquisition of goods and services at the best possible prices. The successful candidate will be responsible for overseeing the purchasing activities, negotiating with suppliers, and maintaining strong vendor relationships.

1. Manage and take ownership for the procurement cycle from requisition to delivery.
2. Monitor inventory levels and collaborate with teams to maintain optimal stock while reducing carrying costs.
3. Optimize purchasing operations to ensure timely access to high-quality goods and services at competitive prices.
4. Support new product development initiatives.
5. Manage vendor relationships, and implement procurement strategies aligned with business goals, focusing on quick turnaround time and cost efficiency.
6. Secure favourable terms through effective negotiation with existing suppliers and evaluate potential new suppliers.
7. Work closely with quality assurance teams to ensure all procured products meet required standards and specifications.
8. Proactively identify procurement-related risks and implement strategies to mitigate them.
9. Provide procurement insights to cross-functional teams to facilitate the development and launch of new products

Requirements:

1. Bachelor’s degree in Business Administration, Supply Chain Management, or a related field.
2. Proven experience in procurement or purchasing roles, preferably within [insert industry].
3. Strong negotiation skills and ability to build and maintain effective vendor relationships.
4. Excellent analytical and problem-solving abilities.
5. Solid understanding of procurement best practices and supply chain management principles.
6. Strong communication and interpersonal skills.
7. Ability to work effectively in a fast-paced environment and handle multiple priorities simultaneously.