Procurement Executive - Factory

Description

The Procurement Executive will oversee the entire procurement process by managing supplier performance, conducting cost-benefit analyses, and preparing contracts that align with company policies. This professional uses data analytics to assess procurement trends and identify inefficiencies, supporting continuous improvement efforts across the supply chain. The role includes coordinating with warehousing, production, finance, and quality assurance teams to forecast material requirements and maintain optimal inventory levels. The successful candidate contributes to risk management plans to minimize procurement disruptions and ensures strict compliance with ethical and procurement standards. Participation in vendor audits and supplier development is also part of the role to enhance supply chain reliability and performance.

Responsibilities

• Conduct strategic sourcing activities to identify and select suppliers that meet quality, cost, and delivery requirements.
• Manage supplier relationships by regularly evaluating vendor performance and ensuring compliance with contractual terms.
• Perform comprehensive spend analysis to identify cost-saving opportunities and streamline procurement processes.
• Utilize procurement software such as SAP and MS Office tools to track orders, analyze procurement data, and prepare reports.
• Develop and execute risk management plans to minimize procurement-related risks including supplier disruptions and cost fluctuations.
• Implement category management techniques to optimize procurement cycles across different product categories.
• Conduct cost reductions by analyzing supplier quotes, negotiating pricing and terms, and identifying alternative sourcing options.
• Oversee inventory management by coordinating with warehousing and production teams to maintain optimal stock levels.
• Perform detailed cost analysis and supplier cost modeling to support budgeting and financial forecasting activities.
• Prepare and manage contracts with suppliers, ensuring all agreements align with company policies and legal requirements.
• Use data analytics to assess procurement trends, identify inefficiencies, and support continuous improvement initiatives.
• Collaborate closely with internal stakeholders such as finance, production, and quality assurance to forecast material needs and support project planning.
• Ensure compliance with procurement policies, ethical standards, and industry best practices throughout all purchasing activities.
• Coordinate with suppliers and internal teams to resolve any issues related to product quality, delivery delays, or discrepancies in orders.
• Generate detailed procurement reports and dashboards for senior management to inform strategic decisions.
• Participate in vendor audits and supplier development activities to improve supply chain reliability and performance.

Experience

3 Years

Apply By

Nov 22, 2026

Required Skills

• SAP
• Vendor Performance Evaluation
• Contract Preparation
• Data Analytics
• Risk Management
• Category Management
• Spend Analysis
• Supplier Relationship Management
• MS Office
• Negotiation
• Planned Order-to-Purchase Requisition Conversion
• Inventory Management
• Contract Management
• Cost Analysis
• ERP Procurement Systems
• Material Requirements Planning
• Purchase Order Management