A Procurement Executive is responsible for sourcing, purchasing, and managing goods and services for an organization, ensuring cost-effective and timely procurement while maintaining quality standards. They negotiate contracts, establish vendor relationships, and manage inventory.
Key Responsibilities:
Sourcing and Vendor Management:
Identifying, evaluating, and selecting suppliers, negotiating contracts, and building strong vendor relationships.
Purchasing and Order Management:
Creating purchase orders, monitoring delivery times, and ensuring timely delivery of goods and services.
Cost Analysis and Negotiation:
Analyzing market trends, negotiating prices with suppliers, and identifying cost-saving opportunities.
Inventory Management:
Monitoring inventory levels, managing stock, and coordinating with stores to ensure sufficient supply.
Compliance and Reporting:
Ensuring compliance with procurement policies and regulations, maintaining accurate records, and preparing reports.