EXECUTIVE - PURCHASE & STORE Job Description Template
The Executive - Purchase & Store will manage the procurement processes and oversee inventory controls. This role requires you to work closely with suppliers, negotiate contracts, and ensure timely acquisition of materials, while maintaining optimal stock levels and efficient storage solutions.
Responsibilities
- Manage and coordinate procurement activities.
- Negotiate contracts with suppliers to secure advantageous terms.
- Maintain and monitor inventory levels to ensure timely stock replenishment.
- Evaluate and select suppliers based on pricing, quality, and delivery capabilities.
- Conduct regular audits to ensure inventory accuracy.
- Develop and implement procurement policies and procedures.
- Collaborate with various departments to understand procurement needs.
- Maintain records of purchases, pricing, and other essential transaction details.
Qualifications
- Bachelor’s degree in Business Administration, Supply Chain Management, or related field.
- Proven experience in procurement and inventory management.
- Strong negotiation and communication skills.
- Excellent organizational and planning abilities.
- Knowledge of procurement software and inventory management systems.
Skills
- Procurement
- Inventory Management
- Vendor Management
- Contract Negotiation
- Supply Chain Management
- ERP Systems
- Data Analysis
- Microsoft Excel
- Communication
- Organizational Skills
Frequently Asked Questions
An Executive - Purchase & Store manages procurement and inventory processes for a company. Their responsibilities include sourcing suppliers, negotiating contracts, managing stock levels, coordinating with departments, ensuring timely delivery of materials, and maintaining inventory records. They play a critical role in optimizing supply chain efficiency and minimizing costs.
To become an Executive - Purchase & Store, candidates usually need a bachelor's degree in supply chain management, business administration, or a related field. Experience in purchasing, procurement, or inventory management is typically required. Certifications such as CPIM or CPSM can enhance prospects. Developing skills in negotiation, data analysis, and supplier management is crucial.
The average salary for an Executive - Purchase & Store can vary based on industry, company size, and location. Generally, executives in this role can expect competitive compensation with potential for bonuses, especially in sectors like manufacturing or retail. It's advisable to research regional salary trends for more specific insights.
To qualify for an Executive - Purchase & Store position, candidates typically need a degree in business, logistics, or supply chain management. Experience in procurement or inventory management is essential. Certifications like Certified Professional in Supply Management (CPSM) or Certified in Production and Inventory Management (CPIM) are often advantageous.
An Executive - Purchase & Store must possess strong negotiation and communication skills to effectively liaise with suppliers and internal teams. They should have analytical proficiency to assess purchasing data and inventory levels. Key responsibilities include managing supplier relationships, optimizing procurement costs, and ensuring efficient inventory management to support operational demands.