Purchase Executive (Panchkula)

mail:- info@naukripay.com
Purchase Executive is responsible for managing all aspects of procurement, from sourcing and negotiating with suppliers to managing purchase orders and ensuring timely delivery of materials. They play a crucial role in cost management, inventory control, and maintaining strong supplier relationships. Key responsibilities include strategic sourcing, contract negotiation, purchase order management, and ensuring compliance with company policies and ethical standards. Key Responsibilities:Sourcing and Supplier Management:Identifying, evaluating, and selecting reliable suppliers based on criteria like quality, cost, and delivery speed. Negotiation and Contract Management:Negotiating favorable terms, contracts, and pricing agreements with suppliers. Purchase Order Management:Creating, processing, and tracking purchase orders accurately and efficiently. Inventory Management:Collaborating with planning teams to optimize inventory levels and minimize stockouts. Cost Management:Analyzing total cost of ownership and identifying opportunities for cost reduction. Quality Assurance:Ensuring purchased goods and services meet established quality standards. Compliance:Adhering to company policies, legal requirements, and ethical standards in all procurement activities. Cross-Functional Collaboration:Working with other departments like finance, operations, and engineering to understand their procurement needs. Market Analysis:Monitoring market trends, pricing, and product availability to inform procurement strategies. Performance Evaluation:Monitoring supplier performance and addressing any issues or disputes. Record Keeping:Maintaining accurate records of purchases, pricing, and supplier information. Qualifications:Bachelor's degree in Supply Chain Management, Business Administration, or a related field.Proven experience in procurement or purchasing roles.Strong negotiation, communication, and analytical skills.Proficiency in using procurement software and tools.Knowledge of supply chain management principles and best practices.Ability to work well under pressure and meet deadlines.Attention to detail and strong organizational skills.