Purchase Officer

Skills & Experience

:- Proven experience as a Purchase Manager or in a similar role in Electronics Production or R&D sector only.- Knowledge of Tally will be an added advantage- Experience in Stores Management will be another advantage.- Strong analytical and problem-solving abilities.- Ability to work under pressure and manage multiple priorities.

Key Duties & Responsibilities:Procurement Strategy:

- Develop and implement effective procurement strategies to ensure timely acquisition of high-quality materials and components.- Identify and evaluate potential suppliers, negotiate contracts, and establish strong supplier relationships.- Have in-depth experience in having procured niche hard to find Electronic components and associated material.- Have significant knowledge in sources for supply within the country and abroad to provide seamless support to the urgent needs of the project teams and the production department.

Supplier Management:

- Maintain a Database of qualified suppliers and continuously monitor their performance.- Conduct regular supplier audits to ensure compliance with quality standards and delivery schedules.- Constantly be on the lookout for more and more suppliers who will meet with the growing and urgent demands of the organization

Inventory Management:

- Monitor inventory levels and coordinate with the Production and R&D teams to forecast demand.- Ensure optimal inventory levels to avoid shortages or excess stock.

Cost Management:

- Negotiate pricing, terms, and conditions with suppliers to achieve cost savings while maintaining quality standards.- Monitor market trends and adjust procurement strategies to capitalize on cost-saving opportunities.

Compliance and Documentation:

- Ensure all procurement activities comply with company policies, industry regulations and the aerospace standards for which this company is certified for.- Maintain accurate records of purchases, contracts, and supplier performance.

Collaboration:

- Work closely with the R&D and production teams to understand project requirements and timelines.- Collaborate with finance and logistics teams to ensure smooth procurement and delivery processes.Continuous Improvement:- Implement process improvements to enhance procurement efficiency and effectiveness.- Stay updated with industry trends and best practices to drive innovation in procurement processes.

Other Skills:

- Strong knowledge of Electronic components, materials and sources for Purchase.- Excellent negotiation, communication, and interpersonal skills.- Certification in Supply Chain Management (e.g., CPSM, CPIM).- Experience with International Procurement and Logistics.- Knowledge of industry-specific regulations and standards.- Knowledge and in-depth experience of Aerospace and Military standards