Purchase Executive is responsible for procuring materials supplies and services negotiating favorable terms and ensuring timely delivery. They identify reliable suppliers maintain records and collaborate with internal departments to understand their procurement needs.
Key Responsibilities:
Procurement: Processing purchase requisitions issuing purchase orders and ensuring timely delivery.
Supplier Management: Identifying and evaluating suppliers negotiating contracts and building relationships.
Record Keeping: Maintaining accurate records of purchases supplier information and pricing.
Market Research: Monitoring market trends pricing and product availability.
Reporting: Preparing reports on purchases including cost analyses.
Collaboration: Working with internal departments to understand their procurement needs.
Compliance: Ensuring adherence to company policies legal requirements and ethical standards.
Negotiation: Negotiating favorable terms and agreements with suppliers.
Additional Responsibilities (depending on industry and company):
Inventory Management: Monitoring stock levels and placing orders as needed.
Delivery Coordination: Coordinating with suppliers and inventory to ensure on-time delivery.
Forecasting: Forecasting material requirements to ensure adequate supply.
Quality Control: Ensuring the quality of purchased goods and services.
Skills and Qualifications:
Strong Negotiation Skills: Ability to negotiate favorable terms and agreements.
Analytical Skills: Ability to analyze market trends pricing and product availability.
Communication Skills: Ability to communicate effectively with suppliers and internal departments.
Organization Skills: Ability to maintain accurate records and track orders.
Knowledge of Procurement Processes: Understanding of the procurement process and relevant regulations.
Problem-Solving Skills: Ability to identify and resolve issues related to procurement.