Skills & Competencies for Top Purchasing Executive

Top Purchasing Executive job profile

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JOB SUMMARY for Top Purchasing Executive

Leads procurement and purchasing operations and develops strategic plans to provide the materials and services to meet organizational requirements for quality, volume, availability, and pricing.

JOB RESPONSIBILITIES for Top Purchasing Executive

Evaluates and develops strategic supplier relationships, negotiates contracts, and implements systems for monitoring performance, assessing risk, and responding to changes in demand or disruptions in the supply chain. Fosters collaboration with other functions to define current and future inventory requirements and manage inventory levels. Designs processes and systems and utilizes technical tools to analyze data and increase responsiveness to material demands. Incorporates auditing processes to ensure procurement and recordkeeping comply with any applicable industry or governmental regulations.

Top Purchasing Executive SALARY RANGE

BASE 50%
$232,650
TOTAL 50%
$286,531
Job Level
M05
Job Code
EX05000052
Education/Degree
Bachelor's Degree
Reports To
Top Management

Top Purchasing Executive Skills and Competencies List

Proficiency Levels and Behavioural Indicators
Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.
Check each Top Purchasing Executive skill and competencie below to view definitions.
JOB FAMILY COMPETENCIES CORE COMPETENCIES
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9 general skills or competencies (Job family competencies) for Top Purchasing Executive

1 Job Family Competencies – Contract Management
Proficiency Level -3
Skill definition-Managing agreements, from their creation to execution by the chosen party and the eventual termination of the contract.
Level 1 Behaviors
(General Familiarity)
Cites examples of best practices used in creating business contracts.
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Level 2 Behaviors
(Light Experience)
Applies legal knowledge to support the contract management process.
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Level 3 Behaviors
(Moderate Experience)
Implements risk strategies to drive continuous improvement in contract performance.
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Level 4 Behaviors
(Extensive Experience)
Creates business metrics to assess the effectiveness of proposed contract management strategies.
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Level 5 Behaviors
(Mastery)
Builds innovative plans to improve internal policies and processes of contract lifecycle management.
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2 Job Family Competencies – Inventory Management
Proficiency Level -4
Skill definition-Overseeing and controlling supplies and stock to ensure that an organization maintains an adequate stock quantity.
Level 1 Behaviors
(General Familiarity)
Cites the best practices and fundamental principles of inventory management.
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Level 2 Behaviors
(Light Experience)
Assists in assessing the levels of raw materials and supplies to identify shortages.
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Level 3 Behaviors
(Moderate Experience)
Administers periodic inventory checks and proper management of actions.
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Level 4 Behaviors
(Extensive Experience)
Checks alignment of overall inventory management activities with established metrics and KPIs.
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Level 5 Behaviors
(Mastery)
Adopts the latest inventory management system that addresses the organization's emerging inventory control issues.
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3 Top Purchasing Executive - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Top Purchasing Executive
Proficiency Level - 4
5 Competency for - Top Purchasing Executive
Proficiency Level - 5

8 soft skills or competencies (core competencies) for Top Purchasing Executive

1 Core Competencies – Business Acumen
Proficiency Level -4
Skill definition-Insight into our organization's business, goals, and values. Ability to design and implement initiatives that facilitate successful outcomes.
Level 1 Behaviors
(General Familiarity)
Describes how our business makes money and our key business objectives.
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Level 2 Behaviors
(Light Experience)
Assists in designing business models and operating plans.
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Level 3 Behaviors
(Moderate Experience)
Applies technical expertise, business sense, and product knowledge to manage the product lifecycle effectively.
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Level 4 Behaviors
(Extensive Experience)
Coordinates technical and business teams to solve complex and diverse customer problems.
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Level 5 Behaviors
(Mastery)
Builds strong business partnerships internally and externally to drive "win-win" business successes.
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2 Core Competencies – Budgeting
Proficiency Level -4
Skill definition-Applying specific policies, tools and practices to plan and prepare projected revenues, expenses, cash flows, and capital expenditures.
Level 1 Behaviors
(General Familiarity)
Describes the concepts and principles of budgeting operations.
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Level 2 Behaviors
(Light Experience)
Assists in developing and improving budgeting models, plans, and strategies.
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Level 3 Behaviors
(Moderate Experience)
Compares planned budgets vs. actual expenditures, identifies, reports, and explains variances.
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Level 4 Behaviors
(Extensive Experience)
Determines system capabilities and needs to improve the process for financial budgeting.
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Level 5 Behaviors
(Mastery)
Adapts relevant industry trends on techniques in financial budgeting in our organization.
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3 Top Purchasing Executive - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Top Purchasing Executive
Proficiency Level - 4
5 Competency for - Top Purchasing Executive
Proficiency Level - 5

Summary of Top Purchasing Executive skills and competencies

There are 0 hard skills for Top Purchasing Executive.
9 general skills for Top Purchasing Executive, Contract Management, Inventory Management, Logistics Management, etc.
8 soft skills for Top Purchasing Executive, Business Acumen, Budgeting, Coordination, etc.
While the list totals 17 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Top Purchasing Executive, he or she needs to be skilled in Business Acumen, be skilled in Budgeting, and be skilled in Coordination.

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