Purchase Executive

Key Responsibilities:

• Purchase Planning & Procurement:
• Identify material requirements based on production and sales forecasts.
• Prepare and issue purchase orders as per approved requisitions.
• Maintain adequate stock levels to avoid shortages or overstocking.
• Vendor Management:
• Identify, evaluate, and onboard suppliers/vendors.
• Maintain strong relationships with suppliers and negotiate favorable terms (price, delivery, payment).
• Ensure vendor compliance with quality and delivery standards.
• Cost Control & Budgeting:
• Obtain multiple quotations and conduct cost comparisons.
• Monitor and control procurement costs within approved budgets.
• Negotiate for discounts, credit terms, and volume deals.
• Documentation & Compliance:
• Maintain accurate records of purchases, pricing, invoices, and delivery notes.
• Ensure all procurement activities comply with company policies and statutory regulations (GST, FSSAI, etc.).
• Coordinate with accounts for timely supplier payments.
• Inventory Coordination:
• Work closely with storekeepers and inventory teams to monitor stock levels.
• Coordinate with warehouse and production departments for material availability.
• Conduct regular audits to ensure inventory accuracy.
• Market Research:
• Stay updated on market trends, material prices, and availability.
• Source alternatives for critical items in case of shortages or price hikes.
• Vendor Evaluation & Quality Control:
• Monitor and evaluate vendor performance (delivery, quality, responsiveness).
• Coordinate with the quality control department to address any quality issues.

Key Skills Required:

• Strong negotiation and communication skills
• Knowledge of FMCG materials and packaging standards
• Good understanding of procurement software (e.g., Tally, ERP, SAP)
• Analytical and decision-making abilities
• Time management and multitasking
• Knowledge of basic tax and compliance regulations (GST, E-way bills, etc.)

Qualification & Experience:

• Bachelor’s degree in Commerce / Supply Chain / Business Management
• 2–4 years of experience in a similar role, preferably in an FMCG or food industry
• Experience with procurement tools and inventory systems

Job Type: Full-time

Pay: ₹15,000.00 - ₹20,000.00 per month

Schedule:

• Day shift

Work Location: In person