Purchase Executive

Job Summary:

Unique Properties is seeking a highly motivated Purchase Executive with experience in at least 3-year experience Real Estate Developer Organization to join our team at HO.

The Purchase Executive plays a vital role in the efficient operation of the procurement department within a real estate organization. This role involves the acquisition of goods, materials, and services necessary for the company's projects, ensuring cost-effective procurement while maintaining quality and compliance with company policies and industry regulations.

Key Responsibilities:

I] Vendor Management:

• Identify and evaluate potential suppliers and vendors.
• Negotiate favourable terms and agreements with suppliers.
• Maintain and cultivate strong relationships with existing suppliers.
• Monitor vendor performance and address any issues or discrepancies.

II] Procurement:

• Source and purchase materials, equipment, and services required for construction and development projects.
• Conduct market research to identify cost-effective suppliers and products.
• Place purchase orders and ensure timely delivery of materials to meet project timelines.
• Manage and optimize inventory levels to minimize waste and reduce carrying costs.

III] Cost Management:

• Analyse and compare supplier pricing and terms to ensure competitive advantage.
• Implement cost-saving strategies without compromising quality.
• Identify opportunities for volume discounts and cost reductions.

IV] Quality Assurance:

• Ensure that all purchased materials and services meet quality standards and specifications.
• Collaborate with project managers and engineers to define quality requirements.
• Address any quality issues or discrepancies with suppliers promptly.

V] Compliance:

• Ensure compliance with company procurement policies and procedures.
• Stay updated on relevant laws and regulations related to procurement.
• Maintain accurate records of all procurement activities.

VI] Reporting:

• Prepare regular reports on procurement activities, including cost analysis, vendor performance, and inventory management.
• Provide insights and recommendations for process improvements.

VII] Communication:

• Collaborate with various departments, such as project management, finance, and operations, to ensure alignment on procurement needs.
• Communicate effectively with suppliers and internal stakeholders.

Requirements:

• Any Graduation or Bachelor's degree in Business, Supply Chain Management, or a related field.
• Proven experience in procurement or purchasing, preferably in the real estate or construction industry.
• Strong negotiation and vendor management skills.
• Knowledge of procurement regulations and best practices.
• Excellent communication and interpersonal skills.
• Proficiency in using procurement software and Microsoft Office Suite.
• Analytical and problem-solving abilities.
• Detail-oriented and organized.