Procurement Executive Job Description
This role requires strong analytical skills and attention to detail, as well as the ability to communicate effectively and build relationships with suppliers. You will need to stay updated on market trends and supplier performance to make informed purchasing decisions. Additionally, you will collaborate with different departments to understand their procurement needs and provide timely solutions.
Responsibilities
- Develop and implement procurement strategies to meet business objectives
- Identify and evaluate suppliers based on price, quality, and delivery reliability
- Negotiate contracts and terms with suppliers to ensure the best value for the organization
- Monitor inventory levels and coordinate with suppliers to maintain optimal stock levels
- Track and analyze market trends, supplier performance, and pricing
- Collaborate with cross-functional teams to understand procurement needs
- Maintain accurate records of purchases and supplier information
- Ensure compliance with company policies and regulations in all procurement activities
Qualifications
- Bachelor's degree in business administration, supply chain management, or a related field
- Proven experience in procurement or purchasing roles
- Strong negotiation and analytical skills
- Excellent communication and relationship-building abilities
- Proficiency in ERP and procurement software
- Knowledge of supply chain management principles and practices
- Attention to detail and ability to work in a fast-paced environment
- Certifications (e.g., CIPS) are a plus
Skills
- Negotiation
- Analytical thinking
- Communication
- Supplier management
- Market research
- Inventory management
- ERP software
- Procurement software
- Supply chain management
- Attention to detail