Procurement Executive

Job Description & Requirements

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:

1.    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.

2.    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.

3.    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.