Procurement Executive at Golden Oil Industries Limited

Job Details

• Source, negotiate, and procure materials, equipment, and services required for manufacturing processes.
• Develop and maintain strong relationships with vendors, suppliers, and contractors to ensure favorable terms, pricing, and timely delivery.
• Monitor market trends, assess supplier capabilities, and identify opportunities for cost savings and process improvements.
• Maintain accurate records of procurement activities, including purchase orders, contracts, and supplier agreements.
• Ensure compliance with company policies, industry regulations, and procurement best practices.
• Prepare and analyze reports to track procurement metrics, such as supplier performance, inventory levels, and budget utilization.
• Utilize Excel and ERP systems to streamline procurement processes, improve efficiency, and reduce lead times.
• Implement inventory management techniques to optimize stock levels, minimize excess inventory, and mitigate supply chain risks.
• Collaborate with cross-functional teams, including production, finance, and logistics, to coordinate procurement activities and support operational objectives.
• Foster positive relationships with suppliers, addressing any issues or concerns promptly and effectively.
• Conduct supplier evaluations and performance reviews to ensure quality standards are met and maintained.
• Work closely with suppliers to identify opportunities for collaboration, innovation, and continuous improvement.

Required Skills and Qualifications:

• Bachelor's degree in Supply Chain Management, Business Administration, or a related field.
• Proven experience (8 years) in procurement, preferably within a manufacturing environment.
• Proficiency in Microsoft Excel for data analysis, reporting, and modeling.
• Experience with ERP systems (e.g., SAP, Oracle) for procurement and inventory management.
• Strong negotiation skills with the ability to drive favorable terms and pricing agreements.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively across departments and with external stakeholders.
• Detail-oriented with strong organizational skills to manage multiple priorities and deadlines effectively.
• Analytical mindset with the ability to interpret data, identify trends, and make data-driven decisions.
• Familiarity with procurement best practices, industry regulations, and compliance standards.