Purchase Executive

Ibis Styles

2 - 5 years

5 - 8 Lacs

chennai

Posted:None| Platform:

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Skills Required

procurement hospitality purchase executive supply chain management purchase compliance cost reduction inventory control cost analysis operations

Work Mode

Work from Office

Job Type

Full Time

Job Description

We are seeking a highly organized and analytical Purchase Executive to join our dynamic team in Sipcot,Chennai. As a key member of our procurement department, you will be responsible for managing the purchasing process, negotiating contracts, and ensuring cost-effective procurement of goods and services for our organization.

Develop and implement effective purchasing strategies to optimize cost savings and improve operational efficiency
Manage vendor relationships, negotiate contracts, and secure favorable terms with suppliers
Analyze market trends, pricing data, and supplier performance to make informed purchasing decisions
Collaborate with internal stakeholders to understand their requirements and ensure timely procurement of goods and services
Maintain accurate records of purchases, contracts, and inventory levels
Conduct regular cost analysis and identify opportunities for cost reduction
Ensure compliance with company policies, industry standards, and regulatory requirements
Implement and maintain inventory control systems to optimize stock levels and minimize waste
Prepare and analyze procurement reports to support decision-making processes
Stay updated on local and international industry trends and best practices in procurement and supply chain management
Navigate import/export regulations and customs procedures for international purchases

Qualifications

Bachelor's degree in Supply Chain Management, Business Administration, or a related field
2-5 years of experience in procurement or a similar role
Proven experience in managing vendor relationships and negotiating contracts
Strong analytical skills with the ability to interpret data and identify trends
Excellent negotiation skills and the ability to secure favorable pricing and terms
Proficiency in cost analysis and budget management
Strong problem-solving and decision-making abilities
Excellent written and verbal communication skills
Ability to work efficiently under pressure and meet deadlines
Familiarity with procurement software and proficiency in Microsoft Office Suite
Knowledge of inventory control and optimization techniques
Understanding of compliance requirements and industry standards in procurement
Strong organizational skills and attention to detail

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