Purchase Officer

Job Description

Key Performance Indicators (KPIs) for purchasing and inventory management · Cost Savings : This measures the reduction in spending as a result of purchasing strategies, such as negotiations or bulk buying. · Purchase Order Cycle Time : The time taken from initiating a purchase order to the receipt of goods or services, indicating the efficiency of the purchasing process. · Supplier Performance : Evaluates suppliers based on criteria such as delivery time, quality of goods, and compliance with contracts. · Spend Under Management : The percentage of total spend that is actively managed by the purchasing team, highlighting the control over organizational expenses. · Compliance Rate : Indicates the adherence to purchasing policies and procedures, reflecting the governance of the procurement process. · Inventory Turnover Ratio : This measures how often inventory is sold and replaced over a period, indicating the efficiency of inventory management. · Stockout Rate : The frequency of items being out of stock, providing insight into inventory planning and demand forecasting accuracy. · Carrying Cost of Inventory : This includes all costs associated with holding inventory, such as storage, insurance, and depreciation, affecting overall profitability. · Order Accuracy : Evaluates the percentage of orders fulfilled without errors, crucial for maintaining customer satisfaction and operational efficiency. · Lead Time : The time required from placing an order to receiving stock, which impacts decision-making and inventory levels. Job Types: Full-time, Permanent Pay: ₹25,000.00 - ₹30,000.00 per month Schedule: Day shift Work Location: In person