Purchase Executive

We seek an experienced, results-driven purchasing manager to join our team at Formoed Wide Span Structure Pvt. Ltd.

As a purchase manager, you will be responsible for handling the procurement process, sourcing suppliers and managing vendor relationships to ensure a seamless supply chain and optimise costs. You will also collaborate with cross-functional teams, make strategic decisions and implement best practices within our procurement function.

This is an exciting opportunity to contribute to our company's success and be part of a dynamic team in a competitive market. We offer competitive compensation packages, health benefits and a supportive work environment that fosters learning and professional growth.

Objectives of this role

• 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 excesses.

Your tasks

• Implement procurement systems and tools to streamline processes and enhance efficiency.
• Stay updated on regulatory requirements and ensure compliance with applicable laws and regulations related to sourcing activities.
• Source and negotiate with potential suppliers, assess their capabilities and evaluate their suitability based on predefined criteria.
• Manage supplier relationships, including regular communication, performance evaluations and issue resolution.
• Collaborate with internal stakeholders to understand their requirements and develop procurement plans accordingly.
• Analyse inventory levels, demand forecasts and consumption patterns to optimise stock levels and reduce carrying costs.
• Continuously evaluate and improve procurement practices, including identifying cost-saving opportunities and process enhancements.
• Prepare and present reports on procurement activities, performance metrics and cost savings to higher management.
• Develop and maintain procurement metrics to track performance, identify areas for improvement and report on sourcing effectiveness.
• Implement sustainable and socially responsible strategic sourcing practices, including supporting local suppliers and promoting ethical sourcing.

Required skills and qualifications

• 2+ years of experience as a purchasing manager within the Indian market.
• In-depth knowledge of procurement principles, strategies and best practices.
• Demonstrable experience in the Indian market and familiarity with local suppliers and sourcing channels.
• Experience in implementing sustainable and socially responsible procurement practices.
• Strong skills in budgeting, cost optimisation and negotiation techniques.
• Knowledge of vendor management and inventory management systems.
• An analytical mind with excellent communication and interpersonal skills.
• Ability to work collaboratively with cross-functional teams.
• Proficiency in using procurement software and systems.
• Knowledge of local and national laws and regulations related to procurement.
• Willingness to work in a fast-paced and competitive environment.

Preferred skills and qualifications

• Knowledge of industry-specific regulations and compliance requirements.
• Relevant certification in procurement or supply chain management.
• Proficiency in data analysis and reporting tools.
• Ability to lead and mentor a team of procurement professionals.
• Detail-oriented with strong organisational and time management abilities.
• Multilingual skills to effectively communicate with diverse stakeholders.
• Experience with global sourcing, logistics and supply chain best practices.

Job Type: Full-time

Pay: ₹25,000.00 - ₹30,000.00 per month

Benefits:

• Cell phone reimbursement
• Leave encashment
• Paid sick time
• Provident Fund

Work Location: In person