
Procurement Executive
12 hours ago
Job Summary:
The Procurement / Purchase Executive will be responsible for sourcing, negotiating, and purchasing materials, equipment, and services required by the organization. The role involves ensuring cost-effectiveness, timely delivery, vendor management, and maintaining quality standards in line with company policies and project requirements.
Key Responsibilities:
- Identify, evaluate, and develop reliable suppliers and vendors.
- Request and compare quotations, negotiate prices, terms, and contracts.
- Prepare purchase orders and ensure timely delivery of goods/services.
- Maintain and update supplier information, price lists, and purchase records.
- Monitor inventory levels and coordinate with the store/warehouse team to ensure stock availability.
- Develop and maintain strong vendor relationships to achieve long-term benefits.
- Ensure compliance with company policies, quality standards, and statutory requirements.
- Assist in budgeting and cost-control measures related to procurement.
- Track and resolve any issues related to delivery, quality, or payment with suppliers.
- Provide periodic reports on procurement activities, cost savings, and supplier performance.
Key Skills & Competencies:
- Strong negotiation and communication skills.
- Knowledge of procurement processes, supply chain, and inventory management.
- Good analytical and problem-solving abilities.
- Proficiency in MS Office (Excel, Word, PowerPoint) and ERP systems.
- Ability to multitask and meet deadlines.
- Attention to detail and strong organizational skills.
Qualifications & Experience:
- Bachelor's degree in Supply Chain, Business Administration, Commerce, or related field.
- 2–5 years of experience in procurement/purchase function (industry-specific experience preferred).
- Knowledge of vendor management, purchase contracts, and logistics.
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