Purchase Executive
3 weeks ago
A purchase executive, also known as a procurement executive or purchasing manager, plays a crucial role in an organization's procurement process. Their primary responsibility is to oversee and manage the purchasing activities to ensure the organization obtains the necessary goods and services at the best possible value. The specific roles and responsibilities of a purchase executive may vary depending on the organization and industry, but here are some common tasks associated with the role:
1.Procurement Planning: Developing procurement strategies and plans to meet the organization's operational needs. This involves analyzing requirements, assessing market conditions, and determining the appropriate sourcing methods.
2.Supplier Identification and Evaluation: Identifying potential suppliers, conducting market research, and evaluating supplier capabilities, reliability, and pricing. This includes maintaining a supplier database and establishing strong relationships with key suppliers.
3.Request for Proposal (RFP) and Quotation Management: Preparing and issuing RFPs and quotation requests to potential suppliers. Reviewing and analyzing proposals, quotations, and bids received, and negotiating terms and conditions to secure favorable contracts.
4.Purchase Order Processing: Generating purchase orders based on approved requisitions or procurement requests. Ensuring accuracy of order details, specifications, quantities, and delivery timelines. Coordinating with internal stakeholders to obtain necessary approvals and resolving any purchase order issues.
5.Price and Contract Negotiation: Negotiating favorable terms, pricing, and contractual agreements with suppliers. This includes securing competitive pricing, favorable payment terms, and service level agreements (SLAs) to meet the organization's requirements.
6.Vendor Relationship Management: Building and maintaining strong relationships with suppliers to foster collaboration, address concerns, and resolve issues. Conducting periodic performance evaluations to assess supplier performance, quality, and compliance.
7.Inventory Management: Collaborating with inventory management teams to ensure optimal stock levels and minimize excess inventory or stockouts. Monitoring inventory turnover, analyzing demand patterns, and coordinating with suppliers to manage lead times and delivery schedules.
8.Cost Control and Budgeting: Monitoring procurement expenditure and analyzing cost-saving opportunities. Implementing cost-control measures, negotiating discounts, and seeking alternative suppliers or products to reduce costs while maintaining quality.
9.Compliance and Risk Management: Ensuring procurement activities comply with applicable laws, regulations, and company policies. Assessing and managing risks associated with the procurement process, such as supply chain disruptions, quality issues, or legal and ethical concerns.
10.Market Research and Supplier Development: Staying updated with market trends, industry developments, and emerging technologies. Identifying potential new suppliers, products, or sourcing strategies that can improve operational efficiency and competitiveness.
11.Documentation and Reporting: Maintaining accurate procurement records, including purchase orders, contracts, and supplier information. Generating reports and providing regular updates to management regarding procurement activities, performance metrics, and cost savings achieved.
These are some of the key responsibilities of a purchase executive. However, it's important to note that the role can vary depending on the organization's size, industry, and specific requirements.
**Job Types**: Full-time, Regular / Permanent
**Salary**: ₹10,000.00 - ₹20,000.00 per month
**Benefits**:
- Commuter assistance
- Food provided
- Health insurance
- Life insurance
- Provident Fund
Schedule:
- Day shift
- Morning shift
Supplemental pay types:
- Performance bonus
- Yearly bonus
Ability to commute/relocate:
- Coimbatore, Tamil Nadu: Reliably commute or planning to relocate before starting work (required)
**Education**:
- Bachelor's (preferred)
**Experience**:
- total work: 1 year (preferred)
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Purchase Executive
5 days ago
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Purchase Executive
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Purchase Executive
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