Purchasing Executive

3 weeks ago

erode, India Coral Manufacturing Works India Pvt Ltd Full time
  • Sourcing Suppliers: Identify potential suppliers and vendors through market research, inquiries, and networking. Evaluate their capabilities, reliability, and product quality to build a strong supplier base.
  • Request for Quotations (RFQs): Issue RFQs to shortlisted suppliers, specifying the required goods or services, quantities, delivery timelines, and other terms and conditions.
  • Price Negotiation: Negotiate with suppliers to obtain competitive pricing while maintaining quality standards. Work towards securing the best value for the organization.
  • Purchase Orders (POs): Prepare purchase orders based on the finalized agreements with suppliers. Ensure accuracy in terms of item description, quantity, price, and delivery details.
  • Order Tracking: Monitor the status of purchase orders to ensure timely delivery of goods and services. Communicate with suppliers to address any delays or issues in fulfillment.
  • Vendor Relationship Management: Cultivate strong relationships with key suppliers to foster mutual trust and cooperation. Regularly evaluate supplier performance and provide feedback for improvement.
  • Quality Assurance: Collaborate with the quality control team to ensure that purchased goods meet the organization's quality standards. Address any quality-related concerns with suppliers promptly.
  • Inventory Management: Coordinate with the inventory team to maintain optimal stock levels. Forecast future demand and plan procurement accordingly.
  • Cost Analysis: Conduct cost analysis and market research to identify cost-saving opportunities and potential alternative suppliers without compromising quality.
  • Contract Management: Manage contracts and agreements with suppliers to ensure compliance with terms and conditions, as well as legal and regulatory requirements.
  • Documentation: Maintain accurate and up-to-date records of procurement activities, including purchase orders, contracts, invoices, and supplier communications.
  • Compliance: Ensure compliance with company policies and procurement regulations while adhering to ethical and sustainable procurement practices.

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