Purchase Executve

Overview: TIOT Systems Ltd. is seeking an Experienced Purchase Executive to join our dynamic procurement team. The ideal candidate will have a proven track record of effectively managing supplier relationships, negotiating contracts, and optimizing purchasing processes. You will play a critical role in driving cost efficiencies and ensuring the timely procurement of high-quality goods and services that support our business operations. Key Responsibilities: 1. Supplier Management: - Develop and maintain strong relationships with key suppliers to ensure reliability and quality of products and services. - Conduct evaluations and performance assessments of suppliers to identify opportunities for improvement. 2. Strategic Procurement: - Analyze purchasing needs across multiple departments and develop strategic sourcing plans that align with business goals. - Lead negotiations for contracts and terms with suppliers to achieve favorable pricing and service level agreements. 3. Market Analysis: - Monitor market trends, pricing dynamics, and supplier developments to inform purchasing decisions and strategies. - Proactively identify risks in the supply chain and develop mitigation strategies. 4. Operational Excellence: - Oversee the purchasing process from requisition to order fulfillment, ensuring compliance with company policies and procedures. - Collaborate with logistics and warehouse teams to optimize inventory management and reduce lead times. 5. Cross-Functional Collaboration: - Work closely with finance, production, and other departments to ensure alignment on budgets, schedules, and procurement needs. - Provide insights and recommendations to stakeholders based on market analysis and purchasing data. 6. Reporting and Documentation: - Maintain comprehensive records of purchasing activities, supplier agreements, and compliance documentation. - Prepare regular reports on purchasing metrics, cost savings, and supplier performance for management review. Qualifications: - Bachelor’s degree in Supply Chain Management, Business Administration. - Minimum of 2 years of experience in procurement, purchasing, or supply chain management. - Proven ability to negotiate contracts and manage supplier relationships effectively. - Strong analytical skills and proficiency in data analysis and reporting tools. - Excellent communication and interpersonal skills. - Familiarity with procurement software and enterprise resource planning (ERP) systems. - Ability to work in a fast-paced environment and manage multiple priorities. Job Types: Full-time, Permanent Pay: ₹12,000.00 - ₹15,000.00 per month Schedule: Day shift Education: Bachelor's (Preferred) Experience: Purchasing: 2 years (Required) Location: Bhilai, Chhattisgarh (Required) Work Location: In person