Purchase officer

3 weeks ago


Chennai, India Hyatt Regency Chennai Full time

About the CompanyWe are seeking a detail-oriented and organized Purchase Officer to manage procurement activities efficiently and cost-effectively. The Purchase Officer will be responsible for sourcing goods and services, processing purchase orders, maintaining vendor relationships, and ensuring timely delivery of materials in alignment with company quality standards and budgetary guidelines. This role is critical to supporting operational continuity and optimizing supply chain performance.About the RoleThe Purchase Officer will be responsible for managing procurement activities efficiently and cost-effectively.ResponsibilitiesProcurement & OrderingPrepare, review, and issue purchase orders (POs) based on departmental requisitions and inventory needs.Ensure accurate specifications, quantities, pricing, delivery dates, and payment terms are included in all POs.Track order status and proactively follow up with suppliers to ensure on-time delivery.Vendor ManagementMaintain and update vendor database with current contact, performance, and compliance information.Assist in evaluating and onboarding new vendors based on quality, cost, reliability, and service.Coordinate vendor communications and resolve issues related to deliveries, invoices, or product discrepancies.Cost Control & ComplianceObtain competitive quotations and support cost-saving initiatives through effective negotiation and market research.Ensure all procurement activities comply with company policies, internal controls, and regulatory requirements.Collaborate with finance to reconcile purchase orders with invoices and delivery notes (3-way matching).Inventory & DocumentationLiaise with warehouse and inventory teams to align purchasing with stock levels and demand forecasts.Maintain organized digital and/or physical records of purchase orders, contracts, and supplier agreements.Generate procurement reports on spend, lead times, supplier performance, and savings.Cross-functional CollaborationWork closely with departments such as Operations, Maintenance, IT, HR, and Finance to understand procurement needs.Support capital expenditure (CAPEX) and operational expenditure (OPEX) purchasing as required.QualificationsEducation: Bachelor’s degree in Supply Chain Management, Business Administration, Logistics, or a related field (or equivalent experience).Experience:2–4 years of experience in procurement, purchasing, or supply chain roles.Experience in (industry—e.g., manufacturing, hospitality, construction, retail) is a plus.Technical Skills:Proficiency in ERP systems (e.g., SAP, Oracle, Net Suite) and Microsoft Office (especially Excel).Familiarity with e-procurement tools and inventory management software.Soft Skills:Strong attention to detail and organizational abilities.Good negotiation, communication, and interpersonal skills.Ability to manage multiple priorities and meet deadlines in a fast-paced environment.Preferred SkillsKnowledge of import/export procedures and international sourcing (if applicable).Experience with contract administration and total cost of ownership (TCO) analysis.Pay range and compensation packageCompetitive salary and benefits package.Opportunities for professional development and career advancement.Collaborative and efficient work environment.Exposure to end-to-end supply chain operations.Equal Opportunity StatementWe are committed to diversity and inclusivity.


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