Job Summary: The Purchase Executive plays a vital role in ensuring the smooth procurement process within the organization. This position involves overseeing the purchasing activities, negotiating with suppliers, maintaining inventory levels, and ensuring timely delivery of goods and services. The Purchase Executive collaborates closely with various departments to understand their procurement needs and to source the best quality products at competitive prices. Key Responsibilities: Procurement Management: Manage the end-to-end procurement process, including identifying potential suppliers, obtaining quotations, negotiating contracts, and finalizing purchase orders. Supplier Relationship Management: Develop and maintain strong relationships with suppliers to ensure timely delivery, resolve any issues, and negotiate favorable terms. Cost Optimization: Analyse purchasing trends, negotiate pricing agreements, and implement cost-saving initiatives to optimize procurement costs. Quality Assurance: Collaborate with quality control teams to ensure that purchased products meet quality standards and specifications. Purchase Compliance: Ensure compliance with company policies, procedures, and regulatory requirements throughout the procurement process. Documentation: Maintain accurate records of purchases, contracts, and vendor information. Prepare MIS reports and presentations as and when required Preferred candidate profile: Bachelor's degree in Engineering, Supply Chain Management, or a related field. Excellent communication and interpersonal skills. Strong negotiation and contract management skills.