Supply Chain Executive at Ascentech Services Limited

Responsibilities

• Develop and implement procurement strategies and policies to ensure efficient and cost-effective sourcing of goods and services.
• Identify reliable suppliers, negotiate contracts, and establish vendor relationships based on quality, cost, and delivery time.
• Monitor supplier performance, conduct periodic evaluations, and address any issues or concerns.
• Conduct market research to identify new suppliers, products, and pricing trends to support strategic decision-making.
• Collaborate with internal stakeholders to determine supply requirements, create purchase requisitions, and manage procurement processes.
• Review purchase orders, contracts, and other procurement documents to ensure accuracy and compliance with organizational policies and procedures.
• Monitor inventory levels and track usage patterns to optimize inventory management and minimize stockouts or excess inventory.
• Coordinate with logistics and warehouse teams to ensure timely and accurate receipt, storage, and distribution of goods.
• Maintain accurate records of procurement activities, including supplier information, contracts, purchase orders, and inventory levels.
• Analyze data and generate reports on procurement activities, supplier performance, and cost savings initiatives.
• Stay updated on industry trends, regulations, and best practices in procurement and supply chain management.
• Collaborate with finance and accounting teams to ensure accurate and timely payment processing for suppliers.
• Identify and implement process improvements to enhance efficiency, reduce costs, and streamline procurement operations.
• Ensure compliance with applicable laws, regulations, and ethical standards in all procurement activities.
• Train and mentor junior staff members in procurement and supply chain best practices.

Requirements

• Bachelor's Degree in Supply Chain Management, Business Administration, Logistics or a related field.
• Proven experience in procurement and supply chain management, preferably in a similar role.
• Strong knowledge of procurement processes, contract management, and supplier relationship management.
• Familiarity with inventory management systems and procurement software.
• Excellent negotiation, communication, and interpersonal skills.
• Strong analytical and problem-solving abilities.
• Attention to detail and ability to manage multiple tasks and priorities.
• Proficiency in MS Office Suite (Excel, Word, PowerPoint) and other relevant software.
• Knowledge of relevant laws, regulations, and industry standards related to procurement and supply chain management.