Purchase Executive

You will be joining a dynamic team in Sipcot, Chennai as a Purchase Executive. As a key member of the procurement department, your responsibilities will include managing the purchasing process, negotiating contracts, and ensuring cost-effective procurement of goods and services for the organization. Your main tasks will involve developing and implementing effective purchasing strategies to optimize cost savings and improve operational efficiency. You will be required to manage vendor relationships, negotiate contracts, and secure favorable terms with suppliers. Analyzing market trends, pricing data, and supplier performance to make informed purchasing decisions will also be a crucial part of your role. Collaboration with internal stakeholders to understand their requirements and ensure timely procurement of goods and services will be essential. You will need to maintain accurate records of purchases, contracts, and inventory levels, as well as conduct regular cost analysis to identify opportunities for cost reduction. Ensuring compliance with company policies, industry standards, and regulatory requirements will be a key aspect of your job. You will be responsible for implementing and maintaining inventory control systems to optimize stock levels and minimize waste. Additionally, preparing and analyzing procurement reports to support decision-making processes will be part of your daily tasks. To be successful in this role, you should have a Bachelor's degree in Supply Chain Management, Business Administration, or a related field, along with 2-5 years of experience in procurement or a similar role. Proven experience in managing vendor relationships, negotiating contracts, and strong analytical skills are essential. Excellent negotiation skills, proficiency in cost analysis, and budget management are also required. Strong problem-solving and decision-making abilities, along with excellent written and verbal communication skills, are important for this position. You should be able to work efficiently under pressure, meet deadlines, and have familiarity with procurement software and proficiency in the Microsoft Office Suite. Knowledge of inventory control and optimization techniques, understanding of compliance requirements and industry standards in procurement, as well as strong organizational skills and attention to detail will be beneficial for your success in this role.,