Purchase Officer

Position Name :Purchase Officer

Job Description - A good comms skills candidate with minimum 3 years Raw material sourcing exp , Import exp , Letter of Credit (LC) experience.

Job Responsibility – Sourcing, Purchase

Strategic Planning (RM Purchase) of A class Items (Caprolactam / N6 Chips / PET Chips / N6 Yarn / PET Yarn / N-66 Yarn) on a daily, monthly, and quarterly basis.

Order Management:

• Ensures placement of orders (A-Class Items), Establishing Letter of Credit (LC), and Shipments as per our plan.
• Follow up with suppliers for on-time dispatches.

Price Monitoring:

• Updating and monitoring prices of A-class items for negotiation and finalizing orders.
• Coordination with unit MLT (Four plants) and resolving issues related to Shipping Documents, Payment advices, and Sanction notes.

Reporting:

• Business sourcing monthly reports updation. PPT and Excel files.
• Analysis of Import Data - Caprolactam / N6 Yarn / N6 Chips every month.
• PBCS activity during Budget Session.

Sales Order Management:

Sales order punching for all customers in a newly designed application to avoid manual errors.

Coordination:

Coordination with Transporters for new contracts, Security Deposits, and Bank Guarantee.

Raw Material Delivery:

Ensures delivery of Raw Material in proper time by following up orders from Suppliers.

Inspection and Verification:

• Inspection of incoming materials by verifying minimum specification requirements, such as Certificate of Analysis and Quality Certificate, etc.
• Verification of invoices with Technical Fibre reports.

Shipment Monitoring:

Daily monitoring of shipments to prevent delays and production losses at the factory level.

Negotiation and Coordination:

Negotiation, supplier reliability, cross-functional coordination with unit MLT, Finance, PPC, SSC, and other stakeholders of TTB.

Inventory and Sourcing:

• Inventory control, strategic sourcing & vendor development.
• Cost optimization & supplier negotiation.
• Demand forecasting & forward planning.
• Risk management, sustainability, and ethical sourcing.

Import Procurement:

Import procurement including documentation (LC, BOE), customs clearance, and coordination with freight forwarders and CHA.

Cross-Functional Coordination:

Cross-functional coordination (Production, QA/QC, Finance).

Regulatory Compliance:

Regulatory Compliance (ISO, REACH, SEZ).

Audit Execution:

Internal & external audits were executed for all A-class raw material.

Procurement Management:

Executed end-to-end Procurement of Raw Materials valued at Rs. 100 crore monthly, ensuring cost optimization, supplier reliability, and continuous supply for uninterrupted production for multiple manufacturing units.

Decision Making:

Decision-making skills & expertise in the Procurement process.

Freight Finalization:

Finalizing ocean freight forwarders for sea shipments in case of FOB terms.

Supplier Monitoring:

Monitoring supplier performance on quality, delivery, and compliance.

Inventory Reduction:

Reduced inventory holding by 13 days, improving working capital turnover.

Procurement Scale:

Handled procurement of 7000 MT worth Rs100+ Cr/month with zero stock-outs.

Market Knowledge:

Leveraged up-to-date market knowledge for successful purchase decisions, impacting the bottom line positively.

Vendor Development:

Developed alternate vendors, reducing dependency on single-source suppliers.

Location: Gurgaon

Job Types: Full-time, Permanent

Application Question(s):

• How Many years of Experience you have in to Purchase?
• Do you have experience of purchase of raw material?
• Do you have experience of Letter of credit?
• Your Current location?

Work Location: In person