Purchase Executive Job Description

Introduction:

Purchasing executives are responsible for buying materials, goods, and services on behalf of the employer to be used in daily operation. They maintain stock levels conduct research, negotiate with vendors and interview prospective suppliers. Purchasing executives are responsible for researching potential vendors, comparing and evaluating offers from suppliers, negotiating the contract term of agreement and pricing. The purchasing executive needs to buy products that are essential for the company’s day-to-day operation. Purchase executives are responsible for performing certain duties like evaluating vendors, negotiating contracts, preparing reports, track order and ensure timely delivery, review the quality of purchased products, enter order details into the internal database, maintain an updated record of purchased products, delivering information, and invoices, prepare a report on purchase-including cost analyses, monitor stock level and place order as needed, coordinate with warehouse staff to ensure proper storage, attend trade shows and exhibition to remain updated with the industry trend.

Purchase Executive Job Titles:

  • Purchase Executive
  • Sr. Executive Purchase
  • Executive Purchase
  • Logistics Executive

Purchase Executive Job Summary:

We are looking to hire a successful candidate who has a degree in business, logistics, or related fields. The Purchase Officer will play a critical role in leading, developing, and implementing long-term strategies that focus on category-led strategic sourcing, effective contracting, data analysis, spend analytics, and the end-to-end procure-to-pay process. The Purchase Officer will provide high-quality service delivery to ensure all operating units can efficiently procure and obtain the best value for the goods and services needed to support their operations. Also, coordination with multiple functional areas will be imperative, including Accounting and Finance, Compliance, HR, Information Technology, Information Security, Legal, etc. The Purchase Officer will oversee the execution of daily management, operations, and strategic initiatives across the procurement function, as well as develop measurable plans and procurement metrics to ensure that value, customer service, and cost savings goals are met or exceeded.

Purchase Executive Responsibilities and Duties:

  • Conduct product research and sourcing new suppliers and vendors
  • Source material, goods, and services and negotiate the most cost-effective contract and deals
  • Performing inventory inspection and reordering supplies and stock
  • Conduct market research to remain updated about emerging trends and business opportunities
  • Inspect stock and report any faulty item or inconsistencies immediately
  • Update and maintain records of all orders, payment, and received stock

Purchase Executive Skills and Qualification:

  • Bachelor degree in business, logistics, or related field
  • Must possess a minimum of 3 years of experience as a purchase executive
  • Proficiency in relevant management software programs
  • Superb negotiation skills
  • Great organization and planning skills
  • Able to identify market trends and make the decision in a high-stress environment
  • Able to follow client specifications
  • Punctual, reliable and must have strong communication skill
  • Able to work in a team and produce quality output under tight deadlines
  • Strong verbal and oral communication skills
  • Self-motivated and strong analytical skills
  • Attention to detail, prioritization skill, and time management
  • Quick learner with a positive attitude
  • Maintain a strong relationship with key groups
  • Motivational and communication skill
  • An empowered team member, a process-oriented thinker

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