Purchase Executive

Role & responsibilities

1) Vendor Management:

• Identify, assess, and select reliable suppliers for industrial raw materials.
• Negotiate terms and conditions with suppliers to secure advantageous agreements.
• Continuously evaluate supplier performance and maintain strong vendor relationships.
  

2) Strategic Procurement:

• Develop and implement procurement strategies to ensure a consistent and cost-effective supply of industrial raw materials.
• Analyze market trends and pricing to make informed purchasing decisions.
• Identify opportunities for cost savings and efficiency improvements.
  

3) Inventory Management:

• Monitor and maintain optimal inventory levels to meet production demands without overstocking.
• Implement inventory control measures to reduce waste and minimize carrying costs.
  

4) Quality Assurance:

• Collaborate with the quality control team to ensure that purchased materials meet the required specifications and quality standards.
• Resolve quality issues with suppliers promptly and effectively.
  

5) Cost Control:

• Track and manage procurement budgets to ensure adherence to financial targets.
• Implement cost-saving initiatives without compromising product quality.
  

6) Compliance and Documentation:

• Ensure compliance with all relevant regulations and industry standards.
• Maintain accurate procurement records and documentation.
  

7) Team Collaboration:

• Collaborate with cross-functional teams, including production, logistics, and finance, to ensure smooth operations and timely deliveries.
• Provide guidance and mentorship to junior procurement staff.

Preferred candidate profile

- Past experience in purchase domain

- Willingness to work on targets based on cost reduction, inventory management.