Procurement and Purchase

Role Overview: As a Procurement and Purchasing professional, your role involves strategically sourcing and acquiring goods and services for the company. This includes identifying vendors, negotiating contracts, managing supplier relationships, overseeing inventory, and ensuring cost-effectiveness while maintaining quality and delivery standards. Your responsibilities also include analyzing market trends, managing budgets, ensuring regulatory compliance, and utilizing technology to streamline processes. Key Responsibilities: - Supplier Management: Research, identify, and evaluate potential suppliers and vendors to build strong, long-term relationships with them. - Negotiation: Negotiate contracts, prices, and terms with suppliers to secure the best value and favorable agreements. - Sourcing & Strategy: Develop and implement procurement strategies to identify the best products, services, and suppliers to meet organizational needs. - Cost Control: Analyze market trends, compare quotes, and implement cost-saving measures while ensuring quality and timely delivery. - Order & Inventory Management: Manage the purchase order process, track deliveries, and monitor inventory levels to ensure adequate stock for operations. - Performance Monitoring: Monitor supplier performance for quality, delivery, and pricing, taking necessary actions to resolve issues promptly. - Documentation & Compliance: Maintain accurate records of purchases, contracts, and supplier data, ensuring compliance with company policies and regulations. - Internal Collaboration: Collaborate with internal teams such as supply chain and finance to understand purchasing needs and ensure seamless operations. - Market Analysis: Conduct ongoing market research to stay updated on industry trends, pricing, and new product availability. - Reporting: Analyze procurement data and generate reports on spending, savings, and supplier performance. Qualification Required: - Prior experience in procurement and purchasing roles. - Strong negotiation skills and the ability to build and maintain supplier relationships. - Analytical mindset to analyze market trends and make informed decisions. - Excellent organizational and communication skills. - Familiarity with procurement software and technologies. - Bachelor's degree in Business Administration, Supply Chain Management, or related field. (Note: Benefits such as cell phone reimbursement, commuter assistance, provided food, health insurance, internet reimbursement, and Provident Fund are offered. The work location is in person.) (Note: Job Types include Full-time, Permanent, Fresher),