Product Executive

Product Executive

• Identify and evaluate potential suppliers based on price, quality, selection, service, support, availability, reliability, production, and distribution capabilities.
• Establish and maintain strong relationships with existing and new suppliers.
• Conduct regular supplier audits to ensure compliance with company standards and requirements.

Purchasing Process

• Prepare and process purchase orders and documents in accordance with company policies and procedures.
• Review and analyze requisition requirements, ensuring they align with budget and project needs.
• Negotiate contracts, terms, and pricing with suppliers to achieve the best possible terms for the company.

Inventory Management

• Monitor inventory levels to ensure adequate stock levels are maintained without overstocking.
• Coordinate with warehouse and inventory control staff to manage stock levels and delivery schedules.
• Identify and implement inventory optimization strategies.

Cost Control

• Track and report key functional metrics to reduce expenses and improve the effectiveness of the procurement process.
• Develop and implement strategies for cost reduction, value analysis, and process improvement.

Compliance and Documentation

• Ensure all procurement activities comply with legal and regulatory requirements.
• Maintain accurate records of purchases, pricing, and other important data.
• Prepare and submit regular reports on purchasing activities and results.

Market Research

• Conduct market research to stay updated on industry trends, market conditions, and new products.
• Evaluate market conditions and trends to anticipate future supply needs.

Team Collaboration

• Work closely with other departments such as finance, operations, and project management to understand and meet their procurement needs.
• Provide support and guidance to junior procurement staff as needed.