Procurement Executive

We are seeking a dynamic and strategic Procurement Executive to join our team In this role, you will be responsible for developing and executing procurement strategies, optimizing sourcing processes, managing vendor relationships, and ensuring cost-effective procurement solutions that align with our business objectives.

You will manage the full procurement lifecycle, from procurement to the timely delivery of goods, with a focus on construction and fit-out procurement operations. This is an exciting opportunity to enhance vendor management, optimize costs, and improve overall procurement efficiency.

Key Responsibilities:

Strategic Planning:

• Develop procurement strategies that ensure efficiency, cost-effectiveness, and alignment with company objectives.
• Manage and optimize sourcing strategies to meet procurement goals.

Purchase Operations:

• Place purchase orders with suppliers based on approved requisitions and ensure timely delivery of goods and services.
• Track orders, ensure accurate documentation, and resolve any issues related to delivery, quality, documentation, or pricing.
• Coordinate with the Finance Department to ensure smooth operations.
• Maintain records of purchases, pricing, and supplier performance, ensuring adherence to budget and cost constraints.

Vendor Relationship Management:

• Build and maintain strong relationships with vendors and key suppliers to ensure consistent availability of essential resources.
• Negotiate long-term agreements with key suppliers for stable pricing, quality assurance, and supply chain efficiency.
• Evaluate supplier performance and ensure compliance with company standards.

Pricing and Cost Control:

• Negotiate pricing agreements to implement cost-control measures and enhance cost efficiency.
• Identify opportunities to reduce procurement costs through improved vendor terms, alternative sourcing, and volume leverage.
• Implement structured cost analysis methodologies to track spending and identify cost-saving opportunities.

Vendor Master Management:

• Maintain a centralized vendor master database, ensuring accuracy, consistency, and compliance across business units.
• Streamline vendor management processes to improve procurement, payment processing, and vendor compliance.
• Collaborate closely with the Finance team to ensure timely payments and avoid duplicate transactions.

Qualifications & Skills:

• Bachelor's degree in a related field.
• Minimum of 5 years of experience in procurement or supply chain management, including strategic sourcing and cost negotiation.
• Strong knowledge of procurement best practices, contract management, and supplier evaluation.
• Exceptional negotiation, analytical, and problem-solving skills.
• Excellent analytical and market research abilities to drive cost-effective procurement decisions.
• Proven ability to manage multiple sourcing projects while ensuring operational efficiency.
• Proficiency in ERP systems and procurement software.
• Strong proficiency in MS Office.