Purchase Executive

Designation : Purchase Executive

Job Location : Bhiwandi,Mumbai

Experience : 1+ Years

Key Responsibilities:

1. Sourcing and Vendor Management:

• Identify potential suppliers and vendors based on quality, price, and delivery capabilities.
• Evaluate and select vendors through competitive bidding and negotiation processes.
• Maintain strong relationships with suppliers and manage vendor performance.

2. Purchase Order Processing:

• Generate purchase orders accurately and in a timely manner.
• Ensure adherence to procurement policies and procedures.
• Coordinate with internal stakeholders to confirm purchase requirements and specifications.

3. Price Negotiation and Cost Management:

• Negotiate favorable terms and pricing with suppliers to achieve cost savings.
• Monitor market trends and conduct price analysis to identify opportunities for cost reduction.
• Review and approve invoices and resolve discrepancies with suppliers.

4. Inventory Management:

• Monitor inventory levels and track stock movements.
• Coordinate with warehouse and logistics teams to ensure timely receipt and delivery of goods.
• Implement inventory control measures to minimize stockouts and excess inventory.

5. Quality Assurance:

• Ensure that purchased products and materials meet quality standards and specifications.
• Collaborate with quality control teams to resolve quality issues with suppliers.
• Conduct supplier audits and assessments to ensure compliance with quality requirements.

6. Documentation and Reporting:

• Maintain accurate records of purchase transactions, contracts, and agreements.
• Prepare and analyze procurement reports to track spending and performance metrics.
• Assist in the development of procurement policies, procedures, and guidelines.

7. Compliance and Risk Management:

• Ensure compliance with legal and regulatory requirements related to procurement activities.
• Identify and mitigate procurement risks, such as supply chain disruptions and supplier failures.
• Stay informed about industry best practices and emerging trends in procurement.

Job Type: Full-time

Pay: ₹25,000.00 per month

Work Location: In person