Purchase Executive

3 weeks ago

Kolkata, India Let's Recruit India Full time

The Purchase Executive is responsible for managing the procurement process within an organization. They are responsible for sourcing, evaluating, and purchasing goods and services required for operations while ensuring cost-effectiveness, quality, and timely delivery. The Purchase Executive collaborates with suppliers, internal stakeholders, and the finance department to streamline procurement procedures and optimize the organization's purchasing activities.

**Responsibilities**:

- Develop and implement procurement strategies and policies in line with organizational objectives.
- Identify and evaluate potential suppliers, negotiate contracts, and establish long-term partnerships.
- Source and procure goods and services required for the organization while ensuring cost-effectiveness and quality standards.
- Analyse market trends, conduct research, and evaluate suppliers to identify cost-saving opportunities and improve supplier performance.
- Review purchase requisitions, create purchase orders, and manage the purchase approval process.
- Monitor and manage supplier relationships, including regular performance evaluations and addressing any issues or disputes.
- Coordinate with internal stakeholders to understand their procurement needs and provide timely assistance and solutions.
- Ensure compliance with legal and regulatory requirements during the procurement process.
- Maintain accurate records of purchases, pricing, and supplier information in the procurement system or databases.
- Monitor inventory levels, track deliveries, and coordinate with the logistics team to ensure timely receipt of goods.
- Conduct market research and benchmarking to identify potential suppliers and industry best practices.
- Evaluate and negotiate contracts, terms, and pricing with suppliers to secure favourable terms and pricing agreements.
- Monitor and forecast price trends and market dynamics to proactively mitigate supply chain risks.
- Collaborate with the finance department to ensure accurate budgeting, cost control, and adherence to financial guidelines.
- Stay updated on industry trends, market conditions, and new procurement practices to improve procurement efficiency.

**Requirements**:

- Bachelor's degree in Business Administration, Supply Chain Management, or a related field (or equivalent work experience).
- Proven experience as a Purchase Executive or in a similar procurement role.
- Additional benefit if experienced in a commercial productions or woven and non
- woven fabric production.
- Strong knowledge of procurement principles, practices, and procedures.
- Familiarity with sourcing and evaluating suppliers, negotiating contracts, and managing supplier relationships.
- Excellent negotiation and communication skills to engage with suppliers and internal stakeholders.
- Strong analytical and problem-solving skills to assess supplier performance and identify cost-saving opportunities.
- Proficiency in using procurement software or systems to manage purchase orders and supplier databases.
- Knowledge of legal and regulatory requirements related to procurement processes.
- Detail-oriented with strong organizational and time management skills.
- Ability to work independently and handle multiple priorities in a fast-paced environment.
- Proficiency in using MS Office (Word, Excel, Outlook) and other relevant software.
- Strong ethics and integrity in dealing with suppliers, ensuring fair and transparent procurement practices.
- Knowledge of inventory management and logistics principles is a plus.
- Familiarity with ERP systems for procurement management is advantageous.
- Continuous learning mindset to stay updated on industry trends and advancements in procurement practices.

**Salary**: ₹8,000.00 - ₹22,000.00 per month

**Benefits**:

- Paid sick time
- Paid time off

Schedule:

- Day shift

Application Question(s):

- Can you join this position immediately?

**Education**:

- Bachelor's (required)

**Experience**:

- total work: 2 years (required)

**Speak with the employer**
+91 7439968096
Expected Start Date: 05/06/2023

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