Purchase Executive

A Purchase Executive manages the procurement process, sourcing goods and services, negotiating contracts, and ensuring timely delivery while optimizing costs. They play a crucial role in maintaining supplier relationships, monitoring market trends, and collaborating with internal teams. Here's a more detailed breakdown:Key Responsibilities:

• Supplier Management: Identifying, evaluating, and qualifying potential suppliers, maintaining relationships with existing vendors, and developing new partnerships.
• Strategic Sourcing: Conducting market research, analyzing market conditions, and identifying best-in-class suppliers.
• Purchase Order Management: Creating, reviewing, and processing purchase orders accurately and efficiently.
• Cost Management: Analyzing total cost of ownership and optimizing costs throughout the procurement process.
• Quality Assurance: Establishing quality standards and ensuring compliance with company policies.
• Inventory Management: Collaborating with planning teams to forecast demand and optimize inventory levels.
• Cross-Functional Collaboration: Working with finance, operations, engineering, and other departments.
• Negotiation: Negotiating favorable terms and agreements with suppliers.
• Record Keeping: Maintaining accurate records of purchases, pricing, and supplier information.
• Compliance: Ensuring compliance with company policies, legal requirements, and ethical standards.
• Monitoring and Analysis: Monitoring market trends, pricing, and product availability.

Essential Skills:

• Negotiation: Strong negotiation skills to secure favorable terms with suppliers.
• Communication: Excellent written and verbal communication skills for interacting with suppliers and internal teams.
• Analytical: Ability to analyze data, market trends, and supplier performance.
• Organizational: Strong organizational and planning skills to manage multiple tasks and deadlines.
• Problem-Solving: Ability to identify and resolve issues related to procurement, delivery, and supplier performance.
• Technical: Proficiency in relevant procurement software and systems.
• Attention to Detail: Ensuring accuracy in purchase orders, records, and other documentation.

Qualifications:

• Typically requires a bachelor's degree in supply chain management, business administration, or a related field.
• Experience in procurement or purchasing is generally required.
• Knowledge of procurement processes, supplier management, and contract negotiation is essential.

Job Type: Full-time

Pay: ₹22,000.00 - ₹25,000.00 per month

Work Location: In person