Purchase Executive

You will be joining our team in Visakhapatnam, India as a Purchase Executive. Your role will involve managing the purchasing process, negotiating contracts, and ensuring cost-effective procurement of goods and services for our organization. You will develop and implement purchasing strategies to optimize cost savings and operational efficiency. Additionally, you will be responsible for analyzing market trends, pricing data, and supplier performance to make informed purchasing decisions. It will be essential for you to collaborate with internal stakeholders to understand their requirements and ensure timely procurement while maintaining accurate records of purchases, contracts, and inventory levels. You will also conduct regular cost analysis and identify opportunities for cost reduction while ensuring compliance with company policies, industry standards, and regulatory requirements. Implementing and maintaining inventory control systems to optimize stock levels and minimize waste will also be part of your responsibilities. Furthermore, preparing and analyzing procurement reports to support decision-making processes and staying updated on industry trends and best practices in procurement and supply chain management are key aspects of this role. To be successful in this role, you should have a Bachelor's degree in Supply Chain Management, Business Administration, or a related field, along with 2-5 years of experience in procurement or a similar role. Your proven experience in managing vendor relationships, negotiating contracts, and strong analytical skills will be beneficial. Excellent negotiation skills, proficiency in cost analysis, and budget management are required. Strong problem-solving and decision-making abilities, along with excellent written and verbal communication skills, are essential. You should be able to work efficiently under pressure, meet deadlines, and have familiarity with procurement software and proficiency in the Microsoft Office Suite. Knowledge of inventory control and optimization techniques, understanding of compliance requirements and industry standards in procurement, strong organizational skills, and attention to detail are also necessary qualifications. In this role, you will work in a team and office environment that reflects our company culture. We are committed to diversity and inclusion, aiming to attract, recruit, and promote diverse talent.,