Procurement Executive

Job Purpose:

To efficiently manage the sourcing, purchasing, and acquisition of goods and services required by the organization, ensuring cost-effectiveness, quality, and timely delivery while adhering to company policies and company standards.

Job Description:

• Sourcing Strategy Development: Develop and implement procurement strategies that align with the organization's goals, focusing on optimizing costs, supplier relationships, and sourcing channels.
• Supplier Identification and Evaluation: Identify potential suppliers, assess their capabilities, conduct due diligence, and establish a robust supplier base to ensure reliable sources of goods and services.
• Negotiations: Engage in negotiations with suppliers to secure favorable terms, pricing, and contract agreements that meet the organization's requirements.
• Purchase Order Management: Create and manage purchase orders, ensuring accurate product specifications, quantities, delivery timelines, and cost allocations.
• Contract Management: Oversee contracts with suppliers, monitoring compliance, managing renewals, and addressing any contractual issues that arise.
• Cost Analysis and Savings: Analyze procurement data to identify cost-saving opportunities, track spending patterns, and implement strategies to reduce procurement expenses.
• Risk Management: Evaluate potential risks in the supply chain, such as disruptions or quality issues, and develop contingency plans to mitigate these risks effectively.
• Market Research: Stay updated on market trends, supplier capabilities, and industry developments to make informed decisions and maintain a competitive edge.
• Supplier Relationship Management: Foster strong relationships with key suppliers, working closely to address issues, enhance collaboration, and explore opportunities for continuous improvement.
• Quality Assurance: Collaborate with quality assurance teams to ensure that procured goods and services meet the organization's quality standards and specifications.
• Data Management: Maintain accurate procurement records, data, and documentation, ensuring transparency and facilitating audits when necessary.
• Compliance: Ensure procurement activities adhere to legal and regulatory requirements, as well as internal policies and ethical standards.

Required Criteria:

• Bachelor Degree
• 2+ years experience in similar role
• Good English Communication Skills