Job Description

As a Purchase Executive , you will be responsible for handling the procurement process, sourcing suppliers and managing vendor relationships to ensure a seamless supply chain and optimise costs. You will also collaborate with cross-functional teams, make strategic decisions and implement best practices within our procurement function.

This is an exciting opportunity to contribute to our company's success and be part of a dynamic team in a competitive market. We offer competitive compensation packages and a supportive work environment that fosters learning and professional growth.

Objectives of this role

• Developing and implementing procurement strategies and policies for cost optimisation and enhancing supply chain efficiency.
• Acquisition of spare parts, bags, and external repair services for all plant machinery.
• Identifying, evaluating and selecting suppliers based on quality, reliability, cost-effectiveness and adherence to ethical and sustainability standards.
• Negotiating contracts and terms with suppliers to ensure favourable pricing, payment terms and mutually beneficial agreements.
• Collaborating with internal stakeholders to understand their requirements and align procurement activities with organisational goals.
• Conducting market research and analysis to stay updated on industry trends, supplier capabilities and pricing fluctuations.
• Managing supplier relationships, including ongoing performance evaluation, issue resolution and fostering long-term partnerships.
• Monitoring inventory levels, analysing demand patterns and implementing inventory management strategies to manage stock levels and avoid shortages or excesses.

Your tasks

• Implement procurement systems and tools to streamline processes and enhance efficiency.
• Procurement of replacement parts, bags, and outsourced repair services for all equipment in the plant.
• Source a nd negotiate with potential suppliers, assess their capabilities and evaluate their suitability based on predefined criteria.
• Manage supplier relationships, including regular communication, performance evaluations and issue resolution.
• Analyse inventory levels, demand forecasts and consumption patterns to optimise stock levels and reduce carrying costs.
• Continuously evaluate and improve procurement practices, including identifying cost-saving opportunities and process enhancements.
• Prepare and present reports on procurement activities, performance metrics and cost savings to higher management.
• Develop and maintain procurement metrics to track performance, identify areas for improvement and report on sourcing effectiveness.
• Implement sustainable and socially responsible strategic sourcing practices, including supporting local suppliers and promoting ethical sourcing.
• Stay updated on regulatory requirements and ensure compliance with applicable laws and regulations related to sourcing activities.

Required skills and qualifications

• Bachelor's degree in supply chain management, business administration or a related field.
• 5+ years of experience as a purchasing Executive.
• In-depth knowledge of procurement principles, strategies and best practices.
• Demonstrable experience in the market and familiarity with local suppliers and sourcing channels.
• Experience in implementing sustainable and socially responsible procurement practices.
• Strong skills in budgeting, cost optimisation and negotiation techniques.
• Knowledge of vendor management and inventory management systems.
• An analytical mind with excellent communication and interpersonal skills.
• Ability to work collaboratively with cross-functional teams.
• Proficiency in using procurement software and systems.
• Knowledge of local and national laws and regulations related to procurement.
• Willingness to work in a fast-paced and competitive environment.

Preferred skills and qualifications

• Master's degree in supply chain management, business administration or related field.
• Knowledge of industry-specific regulations and compliance requirements.
• Proficiency in data analysis and reporting tools.
• Ability to lead and mentor a team of procurement professionals.
• Detail-oriented with strong organisational and time management abilities.

Job Type: Full-time

Pay: ?31,000.00 - ?33,000.00 per month

Benefits:

• Provident Fund

Schedule:

• Day shift

Education:

• Bachelor's (Preferred)

Experience:

• total work: 5 years (Preferred)

Work Location: In person