Purchasing & Inventory Management Executive

A Purchasing and Inventory Management Executive is responsible for overseeing and optimizing company's procurement and stock control processes. A right candidate will play a critical role in ensuring that the company has the right amounts of materials and products on hand to meet operational and customer demand, while also minimizing costs.

Responsibilities

• Supplier management: Identify, evaluate, and select suppliers and vendors based on criteria such as price, quality, reliability, and delivery speed.
• Negotiation: Negotiate contracts, pricing, and terms with suppliers to secure the most favorable agreements.
• Inventory control and optimization: Monitor inventory levels, track movement, and implement strategies to prevent stock shortages or surpluses.
• Procurement strategy: Develop and execute effective purchasing strategies that align with the company's financial goals.
• Order processing: Manage the entire purchase order lifecycle, from creation and tracking to ensuring timely delivery and accurate invoicing.
• Record keeping and reporting: Maintain accurate records of all purchases, pricing, inventory data, and supplier information. Prepare reports for management on purchasing activities, inventory levels, and cost analyses.
• Cost management: Analyze market trends, spending patterns, and supplier performance to identify opportunities for cost savings and efficiency improvements.
• Auditing: Conduct regular inventory audits and inspections to ensure accuracy, and identify and resolve discrepancies.
• Cross-functional collaboration: Work closely with other departments, such as sales, operations, and finance, to accurately forecast needs and ensure alignment with business objectives.
• Problem-solving: Address and resolve issues that may arise with suppliers, including delays, quality concerns, and incorrect shipments.

Requirements and qualifications

• Education: A bachelor's degree in business administration, supply chain management, logistics, or a related field is typically required.
• Experience: Proven experience in a purchasing, procurement, or inventory management role.
• Skills:
• Strong negotiation and communication skills.
• Excellent analytical and problem-solving abilities.
• Proficiency with relevant software, such as ERP systems, inventory management systems, and Microsoft Excel.
• Exceptional organizational skills and attention to detail.
• Strong knowledge of supply chain management principles and best practices.
• Personal attributes: The ability to work well under pressure, manage multiple priorities, and adapt to a fast-paced environment.

Job Type: Full-time

Pay: Rs25,000.00 - Rs30,000.00 per month

Ability to commute/relocate:

• Kuri, Islamabad: Reliably commute or planning to relocate before starting work (Preferred)

Education:

• Bachelor's (Preferred)

Experience:

• Inventory Management: 1 year (Preferred)

Work Location: In person