Purchase Executive

A purchase executive's job involves managing an organization's procurement of goods and services by sourcing and evaluating suppliers, negotiating contracts and prices, processing orders, monitoring inventory, maintaining records, and ensuring compliance with company policies and regulations to support business operations and optimize supply chain efficiency. Key Responsibilities

• Supplier Management: Identify, evaluate, and select suppliers based on quality, cost, and delivery reliability.
• Negotiation: Negotiate favorable contracts, pricing, and terms with vendors to achieve cost-effective deals.
• Order Processing: Prepare and process purchase orders, invoices, and other procurement documents.
• Inventory Control: Monitor inventory levels, forecast requirements, and ensure timely reordering of supplies and materials.
• Record Keeping: Maintain accurate records of purchases, pricing, supplier performance, and other relevant data.
• Internal Coordination: Collaborate with internal departments to understand their specific purchasing needs and requirements.
• Issue Resolution: Address and resolve any issues or discrepancies related to orders, deliveries, or supplier performance.
• Market Research: Stay informed about market trends, industry best practices, and new procurement methods to identify cost-saving opportunities.
• Compliance: Ensure all procurement activities comply with company policies, regulatory requirements, and quality standards.

Required Skills and Qualifications

• Experience: Proven work experience in a purchasing or procurement role.
• Negotiation Skills: Strong negotiation, communication, and interpersonal skills.
• Analytical Skills: Ability to analyze data, conduct cost analyses, and prepare financial reports.
• Organizational Skills: Excellent organizational and time management skills to meet deadlines and manage multiple tasks.
• Technical Proficiency: Hands-on experience with procurement software (e.g., SAP) and proficiency in Microsoft Office Suite.
• Attention to Detail: Meticulous attention to detail and accuracy in record-keeping and order processing.
• Industry Knowledge: Understanding of supply chain procedures and relevant industry trends.

Job Type: Full-time

Pay: ₹14,000.00 - ₹16,000.00 per month

Work Location: In person