9 general skills or competencies (Job family competencies) for Top Purchasing Executive
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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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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8 soft skills or competencies (core competencies) for Top Purchasing Executive
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)
Analyses the business impact of demographic changes; suggests effective responses.
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Level 4 Behaviors
(Extensive Experience)
Consults on the selection and adjustment of the go-to-market strategy.
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Level 5 Behaviors
(Mastery)
Builds a mentoring model to ensure a continuous increase of business sense within our business.
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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.
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Level 2 Behaviors
(Light Experience)
Tracks and reports financial inefficiencies to ensure smooth functioning of our budgeting processes.
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Level 3 Behaviors
(Moderate Experience)
Works with senior management in creating appropriate budget amounts.
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Level 4 Behaviors
(Extensive Experience)
Recommends alternative budgeting strategies for resolving budgeting issues in our workplace.
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Level 5 Behaviors
(Mastery)
Introduces technologies, policies, and programs for more effective budget management.
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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.