Overview
The Purchase Executive plays a crucial role in the procurement process and is responsible for sourcing, purchasing, and managing inventory. They ensure that the organization has the necessary supplies and materials to meet operational needs, while also optimizing costs and maintaining strong supplier relationships.
Key Responsibilities
- Identify and assess potential suppliers and vendors
- Negotiate contracts and terms with suppliers
- Manage procurement processes and purchase orders
- Monitor and maintain inventory levels
- Collaborate with internal teams to understand their requirements
- Ensure compliance with purchasing policies and procedures
- Evaluate and select suppliers based on quality, price, and delivery speed
- Develop and maintain strong supplier relationships
- Resolve any issues or disputes with suppliers
- Optimize procurement processes to improve efficiency and cost-effectiveness
- Conduct market research to identify new products and suppliers
- Coordinate with logistics and warehouse teams for timely delivery
- Utilize ERP systems for accurate record-keeping
- Analyze and report on purchasing KPIs
- Stay updated on industry trends and best practices
Required Qualifications
- Proven experience as a Purchase Executive or in a similar procurement role
- Strong knowledge of procurement processes and best practices
- Excellent negotiation and communication skills
- Good understanding of supply chain management
- Ability to work effectively in a fast-paced and dynamic environment
- Attention to detail and accuracy in procurement activities
- Familiarity with vendor management and contract negotiation
- Ability to prioritize and manage multiple tasks efficiently
- Understanding of cost optimization and budget management
- Strong ethics and integrity in handling purchasing activities
- Ability to adapt to changing market conditions and supplier dynamics
Skills: negotiation,vendor management,supply chain,communication,analytical skills,procurement,inventory management,erp systems
