Job Summary:

The Executive is responsible for sourcing, negotiating, and purchasing materials and services for the company. They will work closely with various departments to ensure timely and cost-effective procurement, maintaining strong supplier relationships, and optimizing the procurement process.

Responsibilities:

Sourcing and Supplier Management:

Identify and evaluate potential suppliers based on quality, price, and delivery capabilities.Develop and maintain strong relationships with existing and new suppliers.Conduct supplier performance evaluations and address any issues.Solicit bids, undertake negotiations with vendors and finalize and obtain approvals.

Procurement Process:

Process purchase orders and ensure timely delivery of goods and services.Monitor inventory levels and anticipate procurement needs by co-ordinating with different Dept’s.Negotiate contracts and agreements with suppliers to secure favorable terms.Ensure compliance with company procurement policies and procedures.Manage and resolve any procurement-related issues or discrepancies.Maintain accurate procurement records and documentation.

Cost Management:

Identify and implement cost-saving opportunities.Analyze market trends and identify cost saving opportunitiesNegotiate pricing and discounts with suppliers to achieve cost reductions.Prepare and analyze procurement reports and budgets.

Collaboration and Communication:

Collaborate with internal departments (e.g., production, finance, logistics) to understand their procurement needs.Communicate effectively with suppliers and internal stakeholders.Provide regular updates on procurement activities and status.Work with quality control to ensure purchased products meet company standards.

Compliance:

Ensure compliance with all applicable laws and regulations related to procurement.Maintain ethical procurement practices

Expectations from the candidate

Self-starter with the ability to work and lead in a fast-paced and challenging environment. Ability to manage multiple priorities simultaneously, with focus on accuracy and adherence to deadlines.Ability to manage and deliver value to stakeholders.Excellent communication and interpersonal skills.

About The Cigna Group

Cigna Healthcare, a division of The Cigna Group, is an advocate for better health through every stage of life. We guide our customers through the health care system, empowering them with the information and insight they need to make the best choices for improving their health and vitality. Join us in driving growth and improving lives.