Purchase Executive

Job description

Key Responsibilities:

Strategic Procurement Planning: Develop and implement procurement strategies aligned with the organization's goals, budget constraints, and market conditions.
Collaborate with senior management to define procurement objectives and contribute to overall business strategy.

Supplier Relationship Management:Build and nurture relationships with key suppliers to ensure a reliable supply chain, favorable terms, and continuous improvement.
Negotiate complex agreements and contracts to achieve optimal pricing, quality, and delivery terms.

Team Leadership:Lead and manage the procurement team, providing guidance, mentoring, and performance evaluations.
Delegate tasks and responsibilities to team members to ensure efficient and effective procurement operations.

Vendor Selection and Evaluation:Identify and onboard potential suppliers, evaluating their capabilities, financial stability, and ethical practices.
Conduct regular supplier performance assessments and audits to maintain high-quality standards.

Cost Optimization:Develop and implement cost-saving initiatives, such as bulk purchasing, strategic sourcing, and value analysis.
Monitor market trends and fluctuations to adjust procurement strategies and maintain cost competitiveness.

Contract Management:Review, draft, and negotiate contracts with suppliers, ensuring legal and contractual obligations are met.
Monitor contract performance, making necessary adjustments and addressing issues as they arise.

Risk Management:Identify and mitigate potential supply chain risks by implementing risk assessment strategies and contingency plans.
Ensure business continuity through proactive risk management practices.

Process Improvement:Continuously review and optimize procurement processes to enhance efficiency, reduce lead times, and minimize costs.
Implement technology solutions to streamline workflows and improve data accuracy.

Compliance and Regulations:Ensure procurement activities comply with relevant laws, regulations, and industry standards.
Maintain ethical procurement practices and promote sustainability initiatives.

Budget Management:Develop and manage procurement budgets, tracking expenditures and analyzing variances.
Provide financial reports and insights to senior management.

Qualifications and Skills:

• BTech (Mech), Bachelor's degree in Business, Supply Chain Management, or a related field. Master's degree is a plus.
• Proven experience in procurement or supply chain management, with a substantial portion in a leadership role.
• Strong leadership and team management skills.
• Excellent negotiation, communication, and interpersonal skills.
• Analytical mindset with the ability to interpret data and trends to drive informed decisions.
• Familiarity with procurement software and ERP systems.
• Knowledge of relevant industry regulations and standards.
• Strong problem-solving and decision-making abilities.
• Strategic thinking and the ability to align procurement with organizational goals.
• Sheet metal Experience is preferred

Job Types: Full-time, Permanent

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

Benefits:

• Food provided
• Paid sick time
• Provident Fund

Schedule:

• Day shift
• Fixed shift

Application Question(s):

• Rate yourself in MS Word out of 10
• Rate yourself in MS Excel out of 10

Education:

• Bachelor's (Required)

Experience:

• 4years: 2 years (Required)

Work Location: In person

Application Deadline: 13/07/2025
Expected Start Date: 23/07/2025