Purchase Executive

1 week ago


Noida Uttar Pradesh, India Pankaj Electricals Noida Full time

**Job Title**: Purchase Executive
**Location**: Noida
**Company**: Pankaj Electricals

**Job Overview**:
**Key Responsibilities**:

- **Order Processing**: Place and manage purchase orders for pending items in line with project and operational requirements.
- **Stock Management**: Monitor and maintain optimal stock levels to avoid shortages or overstock situations.
- **Delivery Coordination**: Communicate and coordinate with our principal company (ABB) regarding material deliveries, ensuring timely and accurate receipt of goods.
- **Inventory Tracking**: Regularly update the stock list and ordered item list, ensuring accurate records of stock movements and purchases.
- **Vendor Management**: Establish and maintain strong relationships with vendors and suppliers to negotiate terms, resolve issues, and ensure timely supply of materials.
- **Price Negotiation**: Negotiate favorable prices, terms, and conditions with suppliers while ensuring product quality and adherence to specifications.
- **Quality Control**: Ensure that all procured materials meet quality standards and company specifications before acceptance.
- **Purchase Documentation**: Maintain accurate and complete records of purchase orders, invoices, delivery receipts, and other procurement-related documentation.
- **Payment Coordination**: Liaise with the finance department to ensure timely payments to vendors and resolve any invoice discrepancies.
- **Market Research**: Conduct market research to identify potential suppliers and evaluate their capabilities in terms of quality, reliability, and cost.
- **Reporting**: Provide regular reports on stock levels, procurement status, and purchase expenditures to management.

**Qualifications and Skills**:

- Bachelor’s degree in Supply Chain Management, Business Administration, or a related field.
- Proven experience in procurement, supply chain, or purchasing, preferably in the electrical industry.
- Strong understanding of procurement processes, inventory management, and vendor negotiation.
- Proficiency in MS Office, particularly Excel, for inventory management and reporting.
- Excellent communication and interpersonal skills.
- Ability to work under pressure and manage multiple tasks simultaneously.
- Strong organizational and problem-solving skills.
- Knowledge of ERP systems is a plus.

**Benefits**:

- Competitive salary and performance-based incentives.
- Flexible work hours.
- Opportunities for professional development and growth.

**Education**:

- Bachelor's (preferred)

**Experience**:

- total work: 1 year (preferred)

Work Location: In person


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