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2.0 - 6.0 years
0 Lacs
noida, uttar pradesh
On-site
The key performance indicators (KPIs) for purchasing and inventory management play a crucial role in assessing the effectiveness and efficiency of procurement processes. These indicators provide valuable insights into various aspects of purchasing strategies and inventory control. Let's delve into some of these essential KPIs: Cost Savings: This metric quantifies the reduction in expenditure achieved through strategic purchasing practices like negotiations and bulk buying. It reflects the cost-effectiveness of the procurement function. Purchase Order Cycle Time: It measures the duration taken from the initiation of a purchase order to the receipt of goods or services. A shorter cycle time indicates a more streamlined and efficient purchasing process. Supplier Performance: This KPI evaluates suppliers based on factors such as delivery punctuality, product quality, and adherence to contractual terms. It sheds light on the reliability and effectiveness of the supply chain. Spend Under Management: This indicator reveals the percentage of total expenditure actively monitored and controlled by the purchasing team. It demonstrates the extent of oversight in managing organizational expenses. Compliance Rate: The compliance rate KPI indicates the degree of adherence to purchasing policies and procedures. It reflects the governance and regulatory compliance within the procurement process. Inventory Turnover Ratio: This metric gauges how quickly inventory is sold and replenished within a specific period. A high turnover ratio signifies efficient inventory management practices. Stockout Rate: This KPI measures the frequency of products being out of stock, providing insights into inventory planning and demand forecasting accuracy. It is crucial for maintaining seamless operations and customer satisfaction. Carrying Cost of Inventory: This indicator encompasses all expenses associated with inventory holding, including storage, insurance, and depreciation. It directly impacts the overall profitability of the organization. Order Accuracy: Evaluating the percentage of orders fulfilled without errors is essential for ensuring customer satisfaction and operational efficiency. It highlights the precision and reliability of the procurement process. Lead Time: The lead time KPI signifies the duration between placing an order and receiving the stock. It influences decision-making processes and inventory management strategies. This full-time, permanent position entails day shift work at the designated in-person location.,
Posted 1 week ago
4.0 - 8.0 years
6 - 10 Lacs
Gurugram
Work from Office
Title: Associate/Sr. Associate Department: Procurement Industry: E-commerce Region: UK & Ireland Location: 5 Days - Work from Office, Shift 10:30am to 07:30pm, Gurgaon Udyog Vihar Phase-4 Job Description: We are looking for a results-oriented and experienced professional with a robust background in B2C & B2B trading or related fields. The ideal candidate will demonstrate exceptional negotiation, communication, and interpersonal skills, combined with the ability to analyze market trends and data for informed decision-making. This role demands strategic thinking, industry expertise, and a proven ability to drive business growth through effective relationship management and market analysis and prior experience from European countries or China. Key Responsibilities: Identify, evaluate, and establish relationships with new suppliers for both B2B and B2C needs. Maintain and improve relationships with existing suppliers, conduct thorough market research to stay updated on industry trends and identify potential vendors. Establish and nurture strong relationships with B2B clients to promote business growth and expansion. Develop and execute strategic plans to identify and capitalize on emerging market opportunities. Leverage advanced negotiation skills to secure favorable deals and build long-term partnerships. Ensure compliance with industry regulations and legal standards in all business activities. Utilize CRM systems and relevant software to optimize processes and enhance operational efficiency. Collaborate effectively with cross-functional teams while independently managing responsibilities to achieve and surpass business objectives. Oversee the entire procurement process from requisition to delivery for both B2B and B2C products. Ensure timely procurement of goods and services to meet business needs. Continuously improve procurement processes to enhance efficiency and effectiveness. Ensure all procured products and services meet the company's quality standards. Monitor and control procurement budgets to optimize spending. Identify and implement cost-saving opportunities without compromising on quality. Work closely with the inventory team to manage stock levels, avoiding shortages and overstock situations. Prepare and present regular reports on procurement activities, savings, supplier performance, and market trends. Collaborate with various departments, including Sales, Marketing, Finance, and Production, to understand and meet their procurement needs. Qualifications & Requirements : Proven experience in B2B trading, business development, or a related role, Someone dealt with UK, China or European countries are preferred. Strong analytical skills with the ability to interpret market data and trends. Excellent Communication Skills Proficiency in CRM systems and relevant software applications. Ability to work both independently and collaboratively in a fast-paced, dynamic team environment. Regards Jeeshan Ali Human Resource
Posted 3 months ago
4.0 - 8.0 years
6 - 10 Lacs
gurugram
Work from Office
Title: Associate/Sr. Associate Department: Procurement Industry: E-commerce Region: UK & Ireland Location: 5 Days - Work from Office, Shift 10:30am to 07:30pm, Gurgaon Udyog Vihar Phase-4 Role: Develop and execute strategic category plans aligned with business objectives, focusing on a varied and trend-driven selection of glasses, sunglasses or contact lenses. Identify, assess, and maintain effective relationships with suppliers in Europe and China, ensuring adherence to quality standards, competitive pricing for favorable terms. Oversee the buying process, selecting products that align with market trends, quality benchmarks, and customer preferences. Track Profit & Loss metrics from a purchasing perspective. Develop and present Purchasing budgets and forecasts, managing project budgets from inception to completion. Conduct regular analysis of market trends and customer insights to stay ahead of industry shifts, adapting the product mix and category strategies accordingly. Maintain strong relationships with global vendors and suppliers. Maintaining various types of buying reports or MIS Desired Qualifications: Bachelors degree in Fashion, Designing or a related field; a Masters degree is an advantage. 4-8 years of experience in Procurement, ideally within the e-commerce sector. Comprehensive understanding of sourcing from European and Asian suppliers, with existing supplier connections being highly beneficial. Strong negotiation skills and experience in managing supplier relationships. Analytical skills with the ability to interpret data and make informed decisions. Regards Jeeshan Ali Human Resource
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