Job Summary: We are seeking a highly skilled Purchase Executive to manage and execute purchasing activities, ensuring timely procurement of materials, goods, and services at optimal prices. The ideal candidate will have strong negotiation skills, market knowledge, and the ability to build and maintain relationships with suppliers. Key Responsibilities: 1. Sourcing and Procurement: - Identify and evaluate new suppliers, negotiate prices, and ensure compliance with company standards. - Manage and maintain a database of approved suppliers. 2. Purchase Orders: - Create, review, and process purchase orders in a timely manner. - Ensure accuracy and completeness of purchase orders. 3. Negotiation and Contract Management: - Negotiate contracts and pricing with suppliers. - Review and manage contracts to ensure compliance and optimal terms. 4. Inventory Management: - Collaborate with inventory management team to ensure optimal stock levels. - Identify opportunities to reduce inventory costs. 5. Supplier Relationship Management: - Build and maintain strong relationships with suppliers. - Resolve supplier issues and conflicts. 6. Cost Savings: - Identify opportunities to reduce procurement costs. - Implement cost-saving initiatives. 7. Reporting and Analysis: - Provide regular reports on purchasing activities, supplier performance, and cost savings. - Analyze purchasing data to identify trends and opportunities.