Purchase Executive

Key Responsibilities

• Procurement & Sourcing
• Identify and source raw materials such as gold, silver, diamonds, gemstones, findings, and packaging materials.
• Maintain relationships with trusted suppliers, vendors, and manufacturers.
• Negotiate rates, quality, and delivery timelines to ensure cost-effectiveness.
• Inventory & Stock Management
• Monitor stock levels of raw materials and consumables.
• Coordinate with production, design, and sales teams to forecast material requirements.
• Ensure timely replenishment to avoid production delays.
• Vendor Management
• Evaluate and empanel new suppliers based on quality, reliability, and pricing.
• Maintain strong vendor relationships and resolve any supply issues.
• Obtain competitive quotations and prepare comparative statements for approval.
• Compliance & Documentation
• Ensure adherence to statutory requirements related to precious metals and gemstones (e.g., hallmarking, certifications).
• Maintain purchase orders, invoices, GRNs (Goods Receipt Notes), and vendor payment follow-ups.
• Verify weights, purity, and authenticity of materials purchased.
• Cost Control & Budgeting
• Support management in cost-saving initiatives without compromising quality.
• Prepare purchase reports, cost analysis, and vendor performance records.
• Coordination
• Liaise with accounts for vendor payment processing.
• Work closely with production, design, and sales departments for material planning.

Skills & Competencies

• Strong negotiation and communication skills.
• Knowledge of jewellery materials (precious metals, diamonds, gemstones, findings).
• Good analytical and numerical ability.
• Proficiency in MS Excel, ERP, or Jewellery software (preferred).
• Attention to detail and high integrity.

Job Types: Full-time, Permanent, Fresher

Pay: ₹15,000.00 - ₹30,000.00 per month

Benefits:

• Cell phone reimbursement
• Health insurance
• Provident Fund

Work Location: In person