Purchase Executive
2 days ago
Job Summary:
Unique Properties is seeking a highly motivated Purchase Executive with experience in at least 3-year experience Real Estate Developer Organization to join our team at HO.
The Purchase Executive plays a vital role in the efficient operation of the procurement department within a real estate organization. This role involves the acquisition of goods, materials, and services necessary for the company's projects, ensuring cost-effective procurement while maintaining quality and compliance with company policies and industry regulations.
Key Responsibilities:
I] Vendor Management:
- Identify and evaluate potential suppliers and vendors.
- Negotiate favourable terms and agreements with suppliers.
- Maintain and cultivate strong relationships with existing suppliers.
- Monitor vendor performance and address any issues or discrepancies.
II] Procurement:
- Source and purchase materials, equipment, and services required for construction and development projects.
- Conduct market research to identify cost-effective suppliers and products.
- Place purchase orders and ensure timely delivery of materials to meet project timelines.
- Manage and optimize inventory levels to minimize waste and reduce carrying costs.
III] Cost Management:
- Analyse and compare supplier pricing and terms to ensure competitive advantage.
- Implement cost-saving strategies without compromising quality.
- Identify opportunities for volume discounts and cost reductions.
IV] Quality Assurance:
- Ensure that all purchased materials and services meet quality standards and specifications.
- Collaborate with project managers and engineers to define quality requirements.
- Address any quality issues or discrepancies with suppliers promptly.
V] Compliance:
- Ensure compliance with company procurement policies and procedures.
- Stay updated on relevant laws and regulations related to procurement.
- Maintain accurate records of all procurement activities.
VI] Reporting:
- Prepare regular reports on procurement activities, including cost analysis, vendor performance, and inventory management.
- Provide insights and recommendations for process improvements.
VII] Communication:
- Collaborate with various departments, such as project management, finance, and operations, to ensure alignment on procurement needs.
- Communicate effectively with suppliers and internal stakeholders.
Requirements:
- Any Graduation or Bachelor's degree in Business, Supply Chain Management, or a related field.
- Proven experience in procurement or purchasing, preferably in the real estate or construction industry.
- Strong negotiation and vendor management skills.
- Knowledge of procurement regulations and best practices.
- Excellent communication and interpersonal skills.
- Proficiency in using procurement software and Microsoft Office Suite.
- Analytical and problem-solving abilities.
- Detail-oriented and organized.
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