Purchase Executive

Role Overview: As a Purchasing Executive, your role will involve buying products essential for the day-to-day operations of the company. You will be responsible for reviewing prices, assessing quality, and maintaining optimal stock levels. Your ability to evaluate vendors, negotiate contracts, and prepare reports on orders and costs will be crucial in ensuring efficient procurement processes. Key Responsibilities: - Research potential vendors to identify suitable suppliers - Compare and evaluate offers from different suppliers to make informed purchasing decisions - Negotiate contract terms of agreement and pricing to secure favorable deals - Track orders and ensure timely delivery of products - Review the quality of purchased products to maintain high standards - Enter order details such as vendors, quantities, and prices into internal databases for record-keeping - Maintain updated records of purchased products, delivery information, and invoices - Prepare reports on purchases, including cost analyses for better financial insights - Monitor stock levels and place orders as necessary to prevent shortages - Coordinate with warehouse staff to ensure proper storage of purchased goods Qualifications Required: - Proven work experience as a Purchasing Officer, Purchasing Agent, or similar role - Good knowledge of vendor sourcing practices, including researching, evaluating, and liaising with vendors - Hands-on experience with purchasing software such as ERP or SpendMap - Understanding of supply chain procedures to streamline procurement processes - Solid analytical skills to create financial reports and conduct cost analyses effectively - Strong negotiation skills to secure favorable terms with suppliers Additional Details: The company offers benefits such as health insurance, leave encashment, and provident fund. The job type is full-time and permanent, with a requirement of a Bachelor's degree as preferred education. The ideal candidate should have at least 2 years of total work experience in a similar role. The work location is in person. (Note: The job types, benefits, education, experience, and work location details have been included as additional information from the job description.),