Purchase Executive

3 days ago

Jalandhar Punjab, India Krome Dispense Pvt ltd. Full time

Key Responsibilities:

- Procurement Planning: Collaborate with department heads to assess procurement needs, develop procurement plans, and prioritize purchase requests based on organizational objectives and budgetary constraints.
- Supplier Identification and Evaluation: Research potential suppliers, assess their capabilities, conduct supplier evaluations, and establish strategic partnerships with reliable vendors to ensure the availability of quality products/services at competitive prices.
- Request for Quotations (RFQ) and Tendering: Prepare RFQs, tender documents, and purchase requisitions, solicit bids from suppliers, evaluate proposals, negotiate terms and conditions, and select the most suitable suppliers based on cost, quality, and delivery requirements.
- Contract Negotiation: Negotiate contracts and agreements with suppliers, including pricing, payment terms, delivery schedules, quality standards, and service level agreements (SLAs), to achieve favorable terms and conditions while mitigating risks.
- Purchase Order Processing: Generate purchase orders, review purchase requests for accuracy and compliance, track order status, expedite deliveries as necessary, and ensure timely receipt of goods/services to meet operational needs.
- Inventory Management: Monitor inventory levels, track stock movements, identify stock-outs or excess inventory, and collaborate with relevant stakeholders to optimize inventory levels and minimize carrying costs while ensuring continuity of supply.
- Vendor Relationship Management: Maintain strong relationships with key suppliers, address supplier concerns or issues promptly, resolve disputes, and conduct regular performance reviews to ensure adherence to contractual obligations and quality standards.
- Cost Reduction Initiatives: Identify cost-saving opportunities, negotiate bulk discounts, implement value engineering initiatives, and streamline procurement processes to optimize costs and improve profitability.
- Compliance and Risk Management: Ensure compliance with procurement policies, procedures, and regulatory requirements, including ethical sourcing practices, data privacy regulations, and import/export regulations, to mitigate legal and reputational risks.
- Reporting and Analysis: Prepare procurement reports, analyze purchasing trends, expenditures, and supplier performance metrics, and provide insights to management for informed decision-making and strategic planning.

**Salary**: ₹18,000.00 - ₹22,000.00 per month

**Benefits**:

- Cell phone reimbursement
- Health insurance
- Provident Fund

Schedule:

- Day shift

Supplemental pay types:

- Yearly bonus

**Education**:

- Bachelor's (preferred)

**Experience**:

- Knowledge management: 2 years (preferred)

Ability to Commute:

- Jalandhar, Jalandhar, Punjab (required)

Ability to Relocate:

- Jalandhar, Jalandhar, Punjab: Relocate before starting work (required)

Work Location: In person

**Speak with the employer**

+91 9814504515

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