Procurement Executive
Posted Updated 1
view
The Procurement Executive is responsible for sourcing, negotiating, and purchasing goods and services required by the organization in a timely, efficient, and cost-effective manner. This role ensures that all procurement activities align with company policies, quality standards, and budgetary requirements while maintaining strong relationships with suppliers and internal departments.
Key Responsibilities:
- Coordinate and execute the end-to-end procurement process, including obtaining quotations, negotiating prices, preparing purchase orders, and ensuring timely delivery.
- Identify reliable suppliers and maintain an updated supplier database.
- Work closely with various departments to understand their purchasing needs and ensure timely supply of materials.
- Ensure compliance with company procurement policies and procedures.
- Review and analyze purchase requisitions for accuracy and completeness.
- Monitor inventory levels and coordinate with the stores team to avoid shortages or overstocking.
- Assist in preparing cost comparisons and procurement reports for management review.
- Support in vendor audits and contract management as required.
- Maintain accurate purchasing records and documentation for audit and reference.
- Contribute to cost-saving initiatives and process improvements within the procurement function.
- Diploma or Bachelor’s degree in Supply Chain Management, Business Administration, or a related field.
- Minimum 2–3 years of experience in a similar role, preferably in the hospitality or service industry.
- Strong negotiation, analytical, and communication skills.
- Proficient in MS Office and procurement software.
- Detail-oriented with strong organizational and multitasking abilities.
- Knowledge of local and international suppliers and market trends.
- High level of integrity, professionalism, and teamwork.
Key Competencies:
- Negotiation & Cost Management
- Vendor Relationship Management
- Time Management & Prioritization
- Problem Solving & Decision Making
- Attention to Detail
- Adaptability & Initiative