Purchase Executive

Overview:

Key Responsibilities:

• Researching and identifying potential suppliers and vendors
• Negotiating contracts terms and prices with suppliers
• Ensuring that the purchasing process complies with company policies and procedures
• Monitoring and forecasting upcoming levels of demand
• Managing inventory levels and ensuring timely deliveries
• Evaluating supplier performance and maintaining relationships
• Tracking market trends and staying updated on industry developments
• Collaborating with internal teams to understand their needs and requirements
• Conducting cost and scenario analysis to make informed decisions
• Resolving supply chain and delivery issues
• Preparing and maintaining purchasing records and reports
• Implementing strategies for costreduction and process improvement
• Participating in the development of procurement policies and strategies
• Ensuring compliance with legal and ethical standards
• Managing communication with stakeholders and vendors

Required Qualifications:

• Bachelors degree in Business Administration Supply Chain Management or related field
• Proven work experience as a Purchase Executive or in a similar role
• Strong understanding of procurement processes and practices
• Excellent negotiation and networking skills
• Proficiency in data analysis and market research
• Ability to prioritize and manage multiple tasks simultaneously
• Knowledge of inventory management and supply chain principles
• Familiarity with relevant legal and regulatory requirements
• Excellent verbal and written communication skills
• Proficiency in MS Office and purchasing software
• Strong attention to detail and analytical mindset
• Ability to work effectively in a team and independently
• Adaptability and problemsolving abilities
• Proven track record of achieving cost savings and process improvements
• Professional certification in procurement or supply chain management is a plus

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