Purchase Executive is responsible for managing an organizations procurement activities ensuring costeffectiveness quality and timely delivery of goods and services by identifying reliable suppliers negotiating contracts and managing inventory.
Key Responsibilities:
Supplier Sourcing and Management:
Research and identify potential suppliers.
Evaluate supplier performance and negotiate contracts.
Build and maintain strong relationships with suppliers.
Procurement Planning and :
Understand and anticipate procurement needs of different departments.
Prepare and process purchase orders.
Monitor and track orders to ensure timely delivery.
Cost Management and Negotiation:
Negotiate favorable terms and pricing with suppliers.
Analyze market trends and pricing to ensure costeffectiveness.
Monitor and analyze purchase expenses.
Inventory Management:
Monitor stock levels and place orders as needed.
Ensure proper storage and handling of goods.
Quality Control:
Review the quality of purchased products and services.
Address any quality issues or discrepancies.
Record Keeping and Reporting:
Maintain accurate records of purchases pricing and supplier information.
Prepare reports on purchases including cost analyses.
Compliance:
Ensure compliance with company policies legal requirements and ethical standards.
Skills and Qualifications:
Negotiation Skills: Strong negotiation skills are essential for securing favorable terms with suppliers.
Analytical Skills: Ability to analyze market trends pricing and supplier performance.
Communication Skills: Excellent communication and interpersonal skills for interacting with suppliers and internal stakeholders.
Organizational Skills: Ability to manage multiple tasks and prioritize effectively.
ProblemSolving Skills: Ability to identify and resolve issues related to procurement quality and delivery.
Knowledge of Procurement Processes: Understanding of procurement principles procedures and best practices.
Computer Skills: Proficiency in using purchasing software and other relevant computer applications.
Industry Knowledge: Familiarity with the specific industry or sector in which the organization operates
Work experience as an Accountant. Excellent knowledge of accounting regulations and procedures, including the Generally Accepted Accounting Principles (GAAP) Hands-on experience with accounting software like FreshBooks and QuickBooks. Advanced MS Excel skills including Vlookups and pivot tables.