Introduction

The Procurement Executive plays a key role in managing the sourcing, procurement, and supplier relationships for designated brands and product categories. The position focuses on achieving cost efficiency, maintaining quality standards, and ensuring timely procurement to support business growth and operational objectives.

Job Overview

The Procurement Executive will conduct regular field visits to daves Shops to oversee the procurement strategy implementation, monitor supply chain consistency, and strengthen vendor and retail partnerships.

The position may also involve managing procurement activities across multiple brands, requiring excellent multitasking and organizational skills.

Job Details

Key Responsibilities

Procurement Management

Develop and execute procurement strategies aligned with the company's goals and budgets.
Source, evaluate, and negotiate with suppliers to secure the best pricing, quality, and delivery terms.
Ensure timely procurement of goods to meet operational and sales requirements.
Periodically review supplier agreements to maximize long-term value and efficiency.

Supplier Collaboration

Build and maintain strong working relationships with key suppliers and vendors.
Conduct regular performance evaluations to ensure compliance with quality, cost, and service expectations.
Identify and mitigate procurement risks by diversifying the supplier base when necessary.

Support for Brand Operations

Work closely with brand teams to understand and fulfill procurement needs.
Manage procurement for multiple brands, ensuring consistency and operational excellence.
Stay informed on market trends, pricing, and supply chain developments to anticipate challenges and suggest alternatives.

Inventory and Cost Control

Monitor stock levels to balance availability and avoid shortages or overstock.
Identify cost-saving opportunities while maintaining quality and delivery timelines.
Prepare and present procurement performance reports to support strategic decisions.

Compliance and Documentation

Ensure all procurement processes adhere to company policies, ethical standards, and sustainability practices.
Maintain accurate and up-to-date records, supplier contracts, and documentation.
Stay compliant with relevant regulations and internal controls.

Field Visits to dave's Shops

Conduct frequent visits to assess product supply consistency and gather on-the-ground feedback.
Collaborate with store managers to improve procurement efficiency and resolve challenges promptly.
Foster strong relationships to support smooth operational execution.

Reporting

Collect relevant data and assist in preparing monthly executive procurement reports for board review.
Support management with insights on procurement performance, vendor compliance, and cost trends.

Skills and Competencies

Strong negotiation, communication, and relationship management skills.
Analytical mindset with a focus on data-driven decision-making.
Exceptional organizational and multitasking abilities.
Adaptable to changing market conditions and business priorities.
Ability to foster collaborative relationships with both suppliers and internal stakeholders.

Key Metrics (KPIs)

Cost Savings as a Percentage of Total Spend
Inventory Turnover Ratio
Stock-Out Rate
Average Days of Inventory on Hand (DOH)
Contract Compliance Rate
Inventory Wastage Percentage
Cost of Overstock
Stock Turnover Wastage Percentage

Work Environment

Primarily office-based with regular visits to retail locations.
Fast-paced and dynamic work environment requiring adaptability and proactive problem-solving.

Key Requirements

Strong negotiation, communication, and relationship management skills.
Analytical mindset with a focus on data-driven decision-making.
Exceptional organizational and multitasking abilities.
Adaptable to changing market conditions and business priorities.
Ability to foster collaborative relationships with both suppliers and internal stakeholders.

Procurement Executive

Job Description