Purchase Executive

Job Description:-

Designation: Manager – Purchase

Experience:- 3-5 Years of relevant experience

Qualification:- Bachelor's degree in supply chain management, business administration or a related field, MBA/ B. Tech/ M.com - Logistics/ International Business, or a related field preferred.

Responsibilities:-

• Develop and implement procurement strategies that align with company objectives and ensure continuity of supply.
• Experience with global sourcing, logistics and supply chain best practices.
• Identify and evaluate suppliers, negotiate contracts, and manage vendor relationships to achieve cost savings and favorable terms.
• Collaborate with internal stakeholders, including production, quality control, and logistics teams, to forecast material needs and ensure timely delivery.
• Monitor market trends, supplier performance, and industry developments to make informed purchasing decisions.
• Maintain accurate records of purchases, pricing, and inventory levels. Utilize system or other tools to streamline procurement processes.
• Implement procurement best practices and drive continuous improvement initiatives within the purchasing function.
• Ensure compliance with company policies, procedures, and regulatory requirements related to procurement and vendor management.
• Resolve supplier issues and manage supplier performance to meet quality, delivery, and cost objectives.
• Developing and implementing procurement strategies and policies for cost optimisation and enhancing supply chain efficiency.
• Identifying, evaluating and selecting suppliers based on quality, reliability, cost-effectiveness and adherence to ethical and sustainability standards.
• Negotiating contracts and terms with suppliers to ensure favourable pricing, payment terms and mutually beneficial agreements.
• Collaborating with internal stakeholders to understand their requirements and align procurement activities with organisational goals.
• Conducting market research and analysis to stay updated on industry trends, supplier capabilities and pricing fluctuations.
• Managing supplier relationships, including ongoing performance evaluation, issue resolution and fostering long-term partnerships.
• Monitoring inventory levels, analysing demand patterns and implementing inventory management strategies to manage stock levels and avoid shortages or excess.

Requirements:

• Proven experience as a Purchase Manager or in a similar procurement role within the chemical manufacturing industry, ideally in resin or related materials.
• Deep understanding of procurement strategies, vendor management, and supply chain management principles.
• Strong negotiation skills and ability to build and maintain effective supplier relationships.
• Analytical mindset with proficiency in analysing data and making data-driven decisions.
• Excellent English communication and interpersonal skills to collaborate effectively with cross-functional teams.
• Master’s degree in supply chain management, Business Administration, Engineering, or related field; additional certifications are a plus. MBA preferred.

Job Types: Full-time, Permanent

Pay: ₹20,000.00 - ₹30,000.00 per month

Benefits:

• Leave encashment
• Provident Fund

Schedule:

• Day shift

Work Location: In person