Procurement Executive

The Procurement Executive is responsible for managing the sourcing, purchasing, and supplier negotiation processes to ensure the timely and cost-effective procurement of goods and services. This role requires strong analytical skills, supplier relationship management, and a deep understanding of procurement best practices. The ideal candidate will work closely with internal departments to assess needs, source quality products, and negotiate favorable terms to support business operations.

Responsibilities:

1. Oversee the procurement process, from sourcing suppliers to finalizing contracts.
2. Identify and evaluate suppliers based on quality, cost, and reliability.
3. Negotiate pricing and contract terms to ensure cost savings and favorable agreements.
4. Manage purchase orders, ensuring timely delivery of goods and services.
5. Monitor supplier performance and maintain strong vendor relationships.
6. Ensure procurement activities comply with company policies and industry regulations.
7. Coordinate with internal departments to determine procurement needs and specifications.
8. Track and analyze procurement data to improve efficiency and cost-effectiveness.
9. Research market trends and new suppliers to enhance procurement strategies.
10. Resolve supply chain issues, such as delays, shortages, or quality concerns.

Requirements:

1. Bachelor's degree in supply chain management, business administration, or a related field.
2. 3+ years of experience in procurement, purchasing, or supply chain management.
3. Strong negotiation and supplier management skills.
4. Proficiency in procurement software and ERP systems.
5. Excellent analytical and problem-solving abilities.
6. Ability to work in a fast-paced environment and manage multiple tasks.
7. Strong communication and interpersonal skills.
8. Knowledge of local and international procurement regulations.
9. Experience in a specific industry (e.g., retail, construction, manufacturing) is a plus.