Senior Procurement Executive

Job Description

The Sr./Procurement Executive will be responsible for the efficient sourcing,procurement, and management of raw materials required for the production process. This role involves ensuring the timely availability of quality materials, maintaining supplier relationships, and managing inventory levels to meet production demands while optimizing costs. The RM Executive will work closely with various internal teams such as production, quality control, and finance to support smooth operations and contribute to the companyoverall supply chain strategy. Key Responsibilities: - Raw Material Procurement: Identify, evaluate, and select suppliers of raw materials in line with company requirements.Negotiate and establish contracts for the procurement of raw materials at competitive prices.Ensure a continuous supply of raw materials by maintaining strong relationships with existing suppliers and exploring new suppliers when necessary. - Inventory Management: Monitor and track raw material inventory levels to ensure the correct balance between supply and demand. Work with the production and warehouse teams to forecast material requirements and maintain optimal stock levels. Ensure that raw materials are delivered on time to avoid production delays. - Quality Assurance Compliance: Collaborate with the Quality Control team to ensure that all raw materials meet the companyquality standards and regulatory requirements.Oversee the inspection and testing of raw materials to verify compliance with specifications. - Supplier Relationship Management: Develop and maintain strong relationships with key suppliers, managing any issues related to quality, delivery, or cost.Regularly review supplier performance in terms of quality, cost, and delivery schedules.Address supplier-related challenges proactively and resolve issues efficiently. - Cost Management Budgeting: Monitor and control raw material costs to ensure they are within the allocated budget. Analyze market trends, material prices, and negotiate contracts to secure the best pricing and terms. Experience: 1-5 years of experience in procurement or supply chain management, with a focus on raw materials or production-related materials. Experience in negotiating contracts and managing supplier relationships is highly desirable.