Procurement Executive at Nathan Digital

Job Summary:

• The Procurement Executive is responsible for managing the company’s purchasing activities to ensure the timely and cost-effective acquisition of goods, materials, and services. The role involves supplier management, negotiating contracts, ensuring compliance with company policies, and maintaining good relationships with vendors. The Procurement Executive plays a key role in optimizing procurement processes and controlling costs while ensuring quality standards.

Key Responsibilities:

Vendor Management:

• Identify and assess potential suppliers based on cost, quality, and reliability.
• Build and maintain strong relationships with vendors and suppliers.
• Monitor supplier performance and resolve issues related to delivery, quality, or pricing.

Procurement Process:

• Process purchase orders and ensure timely delivery of goods and services.
• Collaborate with internal departments to determine purchasing needs and specifications.
• Review purchase requisitions for accuracy and ensure compliance with the procurement policy.
• Maintain accurate records of purchases, pricing, and other important data.

Negotiation:

• Negotiate favorable terms, pricing, and conditions with suppliers.
• Ensure contracts are complete and align with company policies and objectives.
• Monitor market trends and prices to identify cost-saving opportunities.

Inventory Management:

• Assist in managing inventory levels to prevent overstocking or stockouts.
• Coordinate with warehouse and logistics teams to ensure smooth delivery and storage of goods.

Cost Control and Budgeting:

• Monitor procurement budgets and ensure cost-effective purchasing.
• Identify opportunities for reducing costs without compromising quality.

Compliance and Reporting:

• Ensure compliance with legal, ethical, and company standards during procurement activities.
• Prepare and present regular reports on procurement activities, supplier performance, and cost savings.

Continuous Improvement:

• Evaluate and improve procurement processes to enhance efficiency and cost-effectiveness.
• Stay updated with industry trends, best practices, and new technologies in procurement.

Key Skills & Competencies:

• Strong negotiation and communication skills.
• Excellent analytical and problem-solving abilities.
• Ability to build and maintain strong relationships with suppliers and internal stakeholders.
• Familiarity with procurement software and ERP systems.
• Attention to detail and high level of accuracy.
• Knowledge of supply chain management and procurement best practices.
• Ability to work under pressure and meet deadlines.

Qualifications:

• Bachelor’s degree in Business Administration, Supply Chain Management, or a related field.
• 2-4 years of experience in procurement, purchasing, or supply chain management.
• Knowledge of contract law and supplier agreements is a plus.
• Certification in procurement (such as CPSM, CIPS) is preferred.