Procurement Executive

Key Responsibilities:

Requirement Analysis:
Collaborate with product, sales, and planning teams to identify product/category needs and stock gaps.
Analyze SKU performance to determine replenishment needs.
Vendor Management:
Identify, evaluate, and select suitable vendors based on quality, price, and delivery timelines.
Build and maintain strong vendor relationships to ensure consistent supply and service quality.
Negotiate terms, pricing, and payment conditions with vendors.
Procurement Operations:
Execute purchase orders in line with organizational policies and timelines.
Track order status to ensure timely delivery and escalate delays where necessary.
Coordinate with logistics and warehouse teams for smooth inbound processing.
Inventory & Cost Control:
Monitor and maintain optimal inventory levels to avoid stockouts or overstocking.
Analyze procurement spending and identify opportunities for cost reduction.
Compliance & Documentation:
Ensure procurement processes align with internal policies and industry standards.
Maintain accurate procurement records, including contracts, invoices, and delivery notes.
Reporting & Analysis:
Prepare and present reports on inventory status, procurement cost analysis, and vendor performance.
Support audits and provide documentation when required.