Procurement Specialist

3 weeks ago

Bengaluru Bangalore, India Estre Global Private Limited Full time
Job Title: Procurement Specialist
Department: Production
Location: Bengaluru
Languages: English, Hindi, Kannada
Job Summary:
The Purchase Executive is a key member of the procurement team, responsible for managing the sourcing, negotiation, and procurement of goods, materials, and services for the organization. This role plays a critical part in ensuring a seamless supply chain, cost optimization, and vendor relationship management.

Key Responsibilities:

Sourcing and Vendor Management:
  • Identify potential suppliers and vendors through market research and evaluations.
  • Evaluate supplier capabilities, pricing, and performance to select the most suitable vendors.
  • Develop and maintain strong relationships with existing and potential suppliers.
Procurement:
  • Create and manage purchase orders, ensuring accuracy and compliance with company policies.
  • Negotiate terms and conditions with suppliers to secure advantageous agreements.
  • Coordinate with internal stakeholders to determine procurement needs and specifications.

Cost Optimization:
  • Analyze and compare supplier prices, terms, and quality to achieve cost savings.
  • Implement cost-effective procurement strategies without compromising product quality or service standards.
Inventory Management:
  • Monitor and maintain optimal inventory levels to meet production and operational demands.
  • Implement inventory control measures to reduce excess or obsolete stock.
Quality Assurance:
  • Collaborate with quality control and assurance teams to ensure purchased items meet quality standards.
  • Address quality issues with suppliers and implement corrective actions when necessary.
Contract Management:
  • Manage supplier contracts, including negotiation, renewal, and performance monitoring.
  • Ensure all contractual agreements are adhered to and align with company policies.
Documentation:
  • Maintain accurate records of procurement activities, including contracts, purchase orders, and vendor communications.
  • Generate reports to track procurement performance and cost savings.
Compliance:
  • Ensure compliance with relevant regulations, industry standards, and company procurement policies.
  • Stay updated on changes in procurement regulations and practices.
Supplier Relationship Management:
  • Foster positive relationships with suppliers and address any issues promptly.
  • Conduct supplier assessments and performance reviews.

Qualifications:
  • Diploma or Bachelor's in Supply Chain Management .
  • Proven experience in procurement or supply chain management.
  • Strong negotiation and communication skills.
  • Knowledge of procurement best practices and supply chain processes.
  • Proficiency in procurement software and tools.
  • Analytical and problem-solving abilities.
  • Attention to detail and accuracy

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