Purchase Executive

Job description

A Purchase Executive is responsible for managing the procurement process, which includes sourcing and selecting suppliers, negotiating prices, and ensuring the timely delivery of goods and services. Key duties involve maintaining strong vendor relationships, managing purchase orders and inventory, and collaborating with other departments to align purchasing with operational needs.

Responsibilities

1. Supplier and vendor management: Identify, evaluate, and select new suppliers while maintaining relationships with existing ones.
2. Negotiation: Negotiate contracts, terms, and pricing with suppliers to achieve cost-effective solutions.
3. Order and delivery management: Create, process, and track purchase orders to ensure timely delivery of materials.
4. Inventory control: Monitor stock levels and collaborate with teams to optimize inventory and prevent stockouts.
5. Market analysis: Stay informed on market trends, pricing, and new products to inform purchasing strategies.
6. Cross-functional collaboration: Work with other departments like finance, operations, and quality to understand their needs and requirements.
7. Record keeping: Maintain accurate records of purchases, invoices, and supplier information.
8. Quality assurance: Establish and ensure quality standards for purchased goods and services are met.

Qualifications

1. Education: A bachelor's degree in a relevant field like Supply Chain Management, Business Administration, or a related field is often required.
2. Experience: Proven work experience in a purchasing or procurement role is necessary.
3. Skills:
4. Strong negotiation and analytical skills.
5. Good knowledge of vendor sourcing practices.
6. Understanding of supply chain procedures.
7. Ability to create financial reports and conduct cost analyses.
8. Attention to detail and organizational skills.