Purchase and Stores Executive- Special Process

Job Title: Purchase and Stores Executive - Special Process

Job Description:
The Purchase and Stores Executive - Special Process is responsible for managing the acquisition of materials and supplies necessary for company operations, specifically focusing on specialized processes. This role involves overseeing inventory management, vendor relations, and ensuring compliance with company policies and industry regulations. The executive will work closely with various departments to understand their procurement needs, negotiate with suppliers to secure favorable terms, and maintain accurate records of inventory and purchasing activities.

Key Responsibilities:
1. Manage purchasing activities for special processes, ensuring that materials and supplies are procured in a timely and cost-effective manner.
2. Develop and maintain relationships with suppliers and vendors to secure the best prices and quality of materials.
3. Collaborate with internal departments to identify procurement needs and align purchasing strategies with organizational goals.
4. Monitor inventory levels, conduct regular stock assessments, and implement inventory control measures to minimize waste and stockouts.
5. Prepare and submit purchase orders, track order status, and resolve any discrepancies or issues with suppliers.
6. Ensure compliance with company policies, procedures, and regulatory requirements related to purchasing and inventory management.
7. Analyze market trends and pricing to make informed decisions on procurement strategies.
8. Maintain accurate records of purchasing activities and inventory levels, generating reports as required.

Skills and Tools Required:
1. Strong negotiation and communication skills to effectively liaise with suppliers and internal stakeholders.
2. Proficient in inventory management and purchasing software tools.
3. Knowledge of supply chain management processes and best practices.
4. Analytical skills to assess vendor performance and market trends.
5. Attention to detail for managing inventory records and purchase documentation.
6. Ability to multitask and prioritize workload in a fast-paced environment.
7. Strong organizational skills to manage multiple purchasing projects simultaneously.
8. Familiarity with relevant regulations and compliance standards in procurement processes.

Education and Experience:
- Bachelor’s degree in Business Administration, Supply Chain Management, or a related field.
- Previous experience in purchasing, inventory management, or a related role, preferably in a manufacturing or industrial environment.
- Certification in supply chain management or procurement is a plus.