Purchase Executive

Roles and Responsibilities:

1. Purchasing Operations:

• Manage the procurement of raw materials, finished goods, and production items from both inter-company and local sources.
  
• Create and establish Standard Operating Procedures (SOPs) for purchase orders to ensure accuracy, compliance, and timely delivery.
  
• Work within a set purchasing budget to optimize costs and resources.
  
• Maintain tight control over inventory levels, ensuring minimal wastage and stockouts.
  

2. Vendor Development:

• Analyze market trends, supplier capabilities, and industry dynamics to identify new sourcing opportunities.
  
• Identify and evaluate quality vendors for required products, ensuring that they meet the company's standards.
  
• Work closely with vendors to ensure they meet the companys quality standards and eventually certify them as quality suppliers.
  
• Oversee and manage ISO 9000-related activities with vendors to ensure compliance with quality management standards.
  

3. New Product Development:

• Collaborate with sales, management, and corporate engineering teams to support the development of new products.
  
• Estimate costs for new product development based on engineering inputs and materials required.
  
• Issue Request for Quotations (RFQs) based on product designs, collect quotes, and evaluate vendors to select the best option.
  
• Work with vendors to develop prototypes, ensuring alignment with engineering requirements, and get final sign-off for production.
  

4. General Responsibilities:

• Maintain strong relationships with key suppliers and vendors to ensure smooth procurement processes.
  
• Negotiate favorable terms and prices with suppliers to maximize cost savings while maintaining product quality.
  
• Regularly review inventory reports and collaborate with the production team to forecast purchasing needs.
  
• Stay updated on industry trends, new suppliers, and market changes to support proactive sourcing and decision-making.
  
• Resolve any purchasing-related issues in a timely manner, ensuring smooth operations and continuous supply.
  

Qualifications and Experience:

• Experience:

  5-6 years of experience in purchasing, procurement, or supply chain roles, preferably in manufacturing or production.

• Skills:

  Strong negotiation skills, vendor management experience, good understanding of inventory management, and familiarity with ISO9000.

• Education:

  A Bachelor's degree in Business, Supply Chain Management, or related fields (a Master's degree or relevant certifications is a plus).