Purchasing Executive

Role Overview: As a Purchase Executive at Lucy Electric India Pvt Ltd, your main responsibilities will include new supplier development, cost reduction through negotiation, floating RFQs, regular products and items cost control, PO placement, supplier identification, supplier assessment, preparation of costing sheet for new product development, negotiation for optimum price, purchase order placement, follow-up for sample lot, PPAP documentation management, cost reduction for existing products, RFQ and quote finalization, samples and pilot lot procurement for new products, control of raw material and job work parts at supplier end, supplier capacity assessment, quality issues resolution, purchase of indirect materials, cost reduction projects, annual budgeting, and overall control on ERP records. You will report to the Purchasing Manager and support in direct and indirect purchasing activities. Key Responsibilities: - Develop new suppliers - Initiate cost reduction through negotiation and other purchase tools - Float RFQs and follow up for offers - Control costs of regular products and items - Place purchase orders and ensure delivery - Study component manufacturing feasibility for product development - Identify and assess suppliers - Prepare costing sheets for new product development - Negotiate and work on optimum pricing - Place purchase orders for pilot lots - Monitor cost reduction for existing products - Finalize RFQs and quotes - Procure samples and pilot lots for new products - Control raw material and job work parts at supplier end - Assess supplier capacity for delivery and quality - Resolve quality issues and implement drawings changes - Purchase indirect materials - Manage cost reduction projects and KPI reporting - Provide cost details and inputs for annual budgeting - Control ERP records including vendor prices and standard costs Qualification Required: - BE in Electrical Engineering - 3+ years of experience in similar industries Job-Specific Skills: - Expertise in dealing with suppliers - Proficiency in ERP systems like SAP/Microsoft AX and MS Office - Excellent communication, tactical planning, time management, and presentation skills - Proficiency in English, Hindi, and Marathi languages Additional Company Details: Lucy Group Ltd, the parent company of Lucy Electric India Pvt Ltd, has a rich history of over 200 years with global operations in multiple countries. Lucy Electric specializes in providing medium voltage switching and protection solutions for electrical distribution systems, ensuring the delivery of electricity to homes and businesses worldwide. If this opportunity aligns with your skills and interests, we encourage you to apply today. We look forward to hearing from you!,