Procurement Executive
As a procurement executive, you are responsible to manage the procurement of materials, equipment, and services necessary for each project. This role requires balancing cost-effectiveness, quality standards, and project deadlines as well as client-relationship management while sourcing and managing vendors and suppliers.
Job Description:
- Vendor Sourcing and Evaluation
- Identify and assess potential suppliers of materials, equipment, and services specific to marine construction industry.
- Interact and maintain strong relationships with suppliers to ensure the consistent availability of critical resources/materials.
- Compare 3 vendor/supplier’s term and pricing and contracts according to project requirements.
- Work within project budgets to optimize costs without compromising on quality or timelines.
- Conduct periodic audits and inspections of suppliers to ensure adherence to quality and regulatory requirements.
- Inventory Management
- Work closely with project teams and other stakeholders to align procurement activities with project timelines and specifications.
- Place purchase orders based on requests or inventory needs through ERP portal.
- Ensure the timely and efficient delivery of materials and equipment to construction sites to meet project schedules.
- Adjust procurement strategies based on project changes or evolving requirements.
- Monitor inventory levels and manage stock to prevent shortages or excess materials.
- Ensure all items purchased and received according to specifications & compliance with standards.
- Maintain accurate records of purchases and pricing.
- Risk Management
- Identify, assess, and mitigate procurement risks, such as supply chain disruptions, price fluctuations, and vendor reliability issues.
- Develop contingency plans to address potential delays or resource shortages, especially in remote or offshore environments.
Requirements:
- Bachelor’s degree in Supply Chain Management, Business Administration, Marine Engineering, or a related field.
- Minimum of3-5 years of experience in procurement or supply chain management, preferably in the marine construction or offshore industry.
- Familiarity with marine construction materials, equipment, and industry-specific suppliers is highly advantageous.
- Strong negotiation, communication, and vendor management skills.
- Attention to detail and document keeping.
- Proficiency in procurement software, ERP systems, and Microsoft Office Suite.
- Excellent analytical, organizational, and problem-solving skills.
- Ability to work in a fast-paced environment, meet tight deadlines, and adapt to changes.