A Purchase Executive manages the procurement process, sourcing suppliers, negotiating contracts, and ensuring timely delivery of goods/services to optimize costs and maintain inventory. Key duties include issuing purchase orders, evaluating vendor performance, and updating records. The role requires analytical thinking, negotiation skills, and proficiency in inventory management software.
Expertia AI +5
Key Responsibilities
Supplier Management: Source, evaluate, and develop relationships with vendors to ensure quality and competitive pricing.
Procurement Process: Issue purchase orders (POs) and manage the procurement cycle from initiation to delivery
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Negotiation: Negotiate contracts, terms, and pricing to minimize costs.
Inventory Control: Monitor stock levels to prevent stockouts while optimizing storage costs.
Documentation: Maintain accurate records of purchases, invoices, and delivery schedules.
Market Analysis: Monitor market trends to identify new products and suppliers.
Expertia AI +6
Qualifications and Skills
Education: Bachelor’s degree in Supply Chain Management, Logistics, Business Administration, or related field.
Experience: Proven experience in procurement, typically 6 months to 4 years, depending on the seniority level.
Skills: Strong negotiation and analytical skills, proficiency in ERP software/MS Office, and attention to detail.
Attributes: Good communication skills, ethical decision-making, and ability to work under pressure