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