Skills & Competencies for Top Purchasing Executive

Top Purchasing Executive job profile

Book a Demo and Receive a Sample Job Profile

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%
$233,230
TOTAL 50%
$287,244
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
BOOK A DEMO

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)
Lists the benefits of implementing an effective contract management strategy in your organization.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Supports in negotiating contracts to ensure cost-effective operations.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Works with internal organizations to obtain support in contract execution and management processes.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Reviews contracts to maximize business performance and minimize financial risk.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Leads the execution of contracts to maximize business performance and minimize financial risk.
See 4 More Skill Behaviors
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)
Lists the features of each inventory type and their differences from each other.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Supports the generation of reports on inventory operations and stock levels.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Manages trend analysis on inventory and resolves any problems affecting inventory performance.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Reviews consolidated inventory management reports to define inventory requirements of the organization.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Establishes and refines the inventory management process to reduce costs and improve productivity.
See 4 More Skill Behaviors
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)
Names our key stakeholders from a business value chain perspective.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Supports the planning, implementation, and management of training programs that foster process improvements.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Participates in the redesign of organizational structures to reflect business priorities.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Trains others on various business and operation topics.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Forecasts the short-term and long-term impact of various business cases on P&L performance.
See 4 More Skill Behaviors
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)
Lists the elements and the steps on how to conduct budgeting.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Tracks and reports financial inefficiencies to ensure smooth functioning of our budgeting processes.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Works with senior management in creating appropriate budget amounts.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Recommends alternative budgeting strategies for resolving budgeting issues in our workplace.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Introduces technologies, policies, and programs for more effective budget management.
See 4 More Skill Behaviors
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.

It's Easy to Get Started

Get the precision you need to assess, hire, and develop top talent with skills and competencies – see how with a personalized demo.