Procurement Executive
2 weeks ago
A Procurement Executive is responsible for managing the procurement process, ensuring cost-effective and timely acquisition of goods and services while maintaining quality standards and supplier relationships. They develop sourcing strategies, negotiate contracts, and manage the flow of materials and resources within an organization.
**KPIs for this Role**:
- **Cost Savings**: Total cost savings achieved through procurement activities compared to the budget or baseline.
- **Spend Under Management**: Percentage of total spend that is actively managed and controlled by the procurement department.
- **Supplier Performance**: Supplier performance quality due to constant evaluation and positive supplier relations.
- **Contract Compliance**: Monitor and ensure compliance to contract terms and conditions.
- **Procurement Cycle Time**: Average time it takes to complete the procurement process.
- **Supplier Diversity**: Maintain and manage supplier diversity to promote inclusivity and resilience in the supply chain.
- **Procurement ROI**: The return on investment (ROI) for procurement activities.
- **Sourcing Strategy Effectiveness**: The effectiveness of sourcing strategies in achieving cost savings and value for the organization.
- **Contract Management Effectiveness**: Effectiveness of contract management and maintenance practices.
- **Risk Management**: Measure the identification, assessment, and minimization or avoidance of risks in procurement activities.
**Key Skills and Qualifications**:
- Bachelor’s degree in Business Management or relevant field.
- Previous experience in the field with at least 1-5 years of experience.
- Strong written and verbal communication skills.
- Excellent and firm leadership and management skills.
- Extensive field knowledge of procurement.
- Ability to direct others according to company standards.
- Excellent multitasking and organizational skills.
**Job Types**: Full-time, Permanent
Pay: ₹12,000.00 - ₹25,000.00 per month
**Benefits**:
- Commuter assistance
- Health insurance
- Life insurance
- Provident Fund
Schedule:
- Fixed shift
- Morning shift
Supplemental Pay:
- Yearly bonus
**Experience**:
- Procurement management: 1 year (preferred)
Work Location: In person
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