Purchase executive

Job Description

• We are looking for a diligent and strategic Purchase Executive to join our procurement team.
• The ideal candidate will be responsible for sourcing materials, goods, and services, negotiating the best possible terms, and ensuring timely delivery to support our operational needs.
• This role requires a keen eye for detail, excellent negotiation skills, and the ability to build and maintain strong relationships with suppliers.

• Vendor Management:
• Identify, evaluate, and select suppliers based on cost, quality, and reliability.
• Develop and maintain strong relationships with existing and potential suppliers.
• Monitor supplier performance and ensure compliance with contractual obligations.
• Procurement Operations:
• Prepare and issue purchase orders and contracts in accordance with company policies.
• Track orders and ensure timely delivery of materials and services.
• Address and resolve any issues related to delays, quality, or pricing.
• Cost Management:
• Conduct cost analysis to identify and implement cost-saving opportunities.
• Negotiate favorable terms and pricing with suppliers to achieve best value.
• Monitor procurement budgets and ensure expenditures are within approved limits.
• Inventory Management:
• Collaborate with inventory control and warehouse teams to manage stock levels.
• Ensure optimal inventory levels to meet operational requirements without overstocking.
• Conduct regular audits to reconcile inventory discrepancies.
• Compliance and Documentation:
• Ensure procurement activities comply with company policies, procedures, and relevant regulations.
• Maintain accurate and up-to-date records of purchase orders, contracts, and supplier information.
• Generate and present procurement reports and analyses to management.
• Market Research:
• Conduct market research to stay informed about industry trends, market conditions, and emerging suppliers.
• Assess and recommend new suppliers and alternative materials.
• Attend industry events and trade shows to network and explore new opportunities.
• Cross-Functional Collaboration:
• Work closely with internal departments to understand and anticipate their procurement needs.
• Coordinate with the finance team to ensure accurate processing of invoices and timely payments.
• Support cross-functional projects and initiatives aimed at improving procurement processes.

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