Necessary skills for Procurement Executive: skills and requirements

General requirements of a Procurement Executive

• Bachelor's degree in Supply Chain Management, Business, or related field
• At least 2 years of experience in procurement and/or sourcing
• Knowledge of purchasing principles and procurement procedures
• Ability to negotiate and manage contracts
• Excellent communication, organizational, and problem-solving skills

Skills and Behaviours for a Procurement Executive

Contract management
Contract Terms
Cost control
Budgeting Cost Control Cost of goods sold Cost reduction Standard Costs Variance analysis
E-Procurement
E-Sourcing E-auctions
Procurement & Purchasing
Procurement Purchasing Strategic Sourcing Subcontracting Supplier Negotiation bidding
Project management
Project Coordination Project Planning Stakeholder Management
Negotiation
Closing deals
Planning and organizing
Goal setting, planning and priorization Managing Stakeholders
Relationship Building
Nurturing long term relationships

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