Purchase Executive

Location:

• Handle end-to-end procurement activities for raw materials, consumables, components, and services.
• Identify, evaluate, and develop reliable vendors and suppliers.
• Obtain quotations, compare pricing, and negotiate favorable commercial terms.
• Issue Purchase Orders (POs) and ensure timely material availability as per production or business requirements.
• Monitor order status and coordinate with suppliers for timely deliveries.
• Maintain procurement records, supplier databases, and documentation.
• Analyze market trends and pricing to achieve cost savings opportunities.
• Coordinate with Production, Stores, Planning, and Finance teams for procurement planning and material requirements.
• Resolve supplier issues related to quality, delivery, and commercial terms.
• Ensure compliance with company policies and procurement procedures.
• Support inventory optimization by maintaining appropriate stock levels and minimizing excess inventory.

Required Qualifications

• Bachelor's Degree or Diploma in Mechanical, Electrical, Industrial Engineering, Commerce, Supply Chain Management, or a related field.
• 3 - 5 years of experience in Purchase, Procurement, or Supply Chain functions.

Required Skills

• Strong Negotiation Skills
• Vendor Development & Management
• Procurement Planning
• Cost Analysis & Cost Reduction
• Purchase Order Management
• Supplier Relationship Management
• Material Requirement Planning (MRP)
• Inventory Management
• MS Excel and ERP Systems
• Commercial and Contract Understanding

Preferred Competencies

• Excellent communication and interpersonal skills.
• Strong analytical and problem-solving abilities.
• Ability to work under deadlines and manage multiple suppliers.
• Attention to detail and documentation management.
• Team-oriented and proactive approach.

Key Performance Indicators (KPIs)

• Cost Savings Achieved
• On-Time Material Availability
• Vendor Performance Improvement
• Purchase Order Cycle Time
• Inventory Optimization
• Procurement Budget Adherence
• Supplier Development and Retention