Purchase Executive

Job Category: Non - Faculty Job Type: Full Time Required Experience: 1-2 Years Job Location: Delhi/NCR Job Title: Purchase Executive Location: K.R. Mangalam Head Office Job Summary: We are seeking a detail-oriented and highly organized Purchase Executive to join our procurement team. The Purchase Executive will be responsible for managing the purchasing activities for the company, ensuring that all materials, products, and services are sourced efficiently and cost-effectively. The ideal candidate should have excellent communication skills, a strong understanding of supply chain processes, and the ability to negotiate favorable terms with vendors and suppliers. Key Responsibilities: Sourcing and Procurement: Identify, evaluate, and select suppliers and vendors to fulfill the companys purchasing needs for raw materials, products, and services. Purchase Orders: Create, process, and manage purchase orders (POs), ensuring timely delivery and adherence to company specifications. Vendor Management: Build and maintain strong relationships with current and new suppliers, ensuring reliable and cost-effective supply chains. Negotiation: Negotiate pricing, terms, and delivery schedules with suppliers to achieve the best value for the company. Inventory Management: Monitor inventory levels to ensure there are no shortages or overstock situations. Coordinate with the warehouse team to ensure accurate stock levels. Quality Control: Ensure that purchased materials meet the companys quality standards and specifications. Record Keeping: Maintain accurate and up-to-date records of all purchasing activities, including purchase orders, receipts, invoices, and vendor communications. Market Research: Conduct market research to identify new suppliers, products, and cost-saving opportunities. Budget Management: Track and report purchasing expenditures to ensure alignment with the budget. Qualifications: Bachelors degree in business administration, Supply Chain Management, or a related field. Experience in a purchasing or procurement role, ideally in a similar industry. Strong knowledge of procurement processes, vendor management, and supply chain operations. Excellent negotiation, communication, and interpersonal skills. Proficient in MS Office (Excel, Word, PowerPoint) and purchasing software or ERP systems. Strong attention to detail, organizational skills, and the ability to manage multiple tasks simultaneously. Desirable Skills: Experience with ERP systems such as SAP, Oracle, or others. Knowledge of market trends, supply chain risks, and cost-saving techniques. Strong problem-solving skills and the ability to think critically and strategically.