Procurement Executive

Vfive Group; Kuala Lumpur; On-site; MYR 100,000 - 150,000; Full time

Job summary

A leading procurement company in Kuala Lumpur is seeking a skilled Procurement Specialist to manage vendor relationships, negotiate contracts, and ensure timely procurement of goods and services. Candidates should possess a bachelor's degree in business administration or supply chain management and have at least 2 years of relevant experience. Strong negotiation, analytical, and communication skills are essential for success in this role. This position offers a dynamic work environment in a growing organization.

Qualifications

• At least 2 years of experience in procurement or purchasing roles.
• Strong attention to detail and accuracy.
• Ability to work under pressure and meet tight deadlines.

Responsibilities

• Identify and evaluate potential vendors and negotiate contracts.
• Source and purchase goods and services required by the organization.
• Monitor procurement budgets and identify opportunities for cost savings.

Skills

Negotiation skills

Analytical abilities

Communication skills

Interpersonal skills

Education

Bachelor's degree in business administration or supply chain management

Tools

Procurement software

Job description

Identify and evaluate potential vendors, negotiate contracts, and establish relationships to ensure the best terms and pricing.

Collaborate with various departments to understand their procurement requirements and develop procurement plans and strategies.

Source and purchase goods, materials, and services required by the organization, ensuring timely delivery and adherence to quality standards.

Monitor and control procurement budgets, identifying opportunities for cost savings and implementing cost reduction strategies where possible.

Manage vendor contracts, including contract negotiation, renewal, and termination, ensuring compliance with legal and regulatory requirements.

Build and maintain strong relationships with key suppliers, addressing any issues or concerns promptly to ensure a smooth procurement process.

Identify and mitigate potential risks related to procurement activities, such as supply chain disruptions, price fluctuations, and quality issues.

Continuously review and improve procurement processes and procedures to enhance efficiency, reduce costs, and streamline operations.

Job Requirements:

Bachelor's degree in business administration, supply chain management, or a related field.

Proven at least 2 years experience in procurement or purchasing roles, preferably in a similar industry.

Strong negotiation skills and the ability to build and maintain relationships with vendors and suppliers.

Excellent analytical and problem-solving abilities.

Proficiency in procurement software and tools.

Knowledge of relevant laws, regulations, and best practices in procurement and contract management.

Strong communication and interpersonal skills.

Ability to work well under pressure and meet tight deadlines.

Attention to detail and accuracy.

Flexibility and adaptability to changing priorities and requirements.