Purchase Executive

Key Responsilbilites:

• Sourcing and Supplier Management: Identify potential suppliers, conduct market research, and evaluate proposals to select reliable vendors offering competitive prices and high-quality products/services.
• Purchase Orders: Prepare and process purchase orders for materials, equipment, and services, ensuring accuracy, completeness, and timely delivery.
•  Price Negotiation: Negotiate favourable terms and pricing with suppliers to achieve cost savings while maintaining product quality and delivery timelines.
• Inventory Control: Monitor stock levels of essential materials and equipment, and coordinate with inventory management to avoid stock outs and overstock situations.
• Vendor Performance: Evaluate vendor performance regularly based on quality, delivery, and pricing, and address any issues or concerns promptly.
• Contract Management: Review and manage contracts with suppliers to secure appropriate terms, conditions, and service agreements.
• Quality Assurance: Collaborate with the quality control team to ensure purchased materials meet required standards and specifications.
• Documentation: Maintain comprehensive and accurate records of purchasing activities, including purchase orders, receipts, and invoices.
• Budget Compliance: Work closely with the finance department to ensure purchases align with budgetary constraints and cost-control objectives.
• Market Research: Stay updated with industry trends, new products, and market conditions to make informed procurement decisions.
• Compliance: Adhere to company policies, industry regulations, and ethical procurement practices in all purchasing activities.
• Risk Management: Identify and mitigate potential risks in the supply chain, such as supply disruptions, pricing fluctuations, and geopolitical factors.

Qualification & Requirements:

•  Education: Bachelor's degree in Supply Chain Management, Business Administration, or a related field. A master's degree or relevant certifications in procurement is a plus.
• Experience: Proven experience as a Purchase Executive or a similar role in the civil and construction industries, with a strong understanding of procurement processes.
• Industry Knowledge: Sound knowledge of procurement principles, sourcing strategies, and best practices in the civil and construction sectors.
•  Negotiation Skills: Excellent negotiation and communication skills to secure favourable terms and agreements with suppliers.
•  Attention to Detail: Strong attention to detail to ensure accurate and error-free processing of purchase orders and documentation.
• Time Management: Ability to prioritize tasks, meet deadlines, and manage multiple projects simultaneously.
•  Computer Proficiency: Proficient in using procurement software and Microsoft Office Suite.
• Team Player: Collaborative and willing to work as part of a team to achieve shared goals.