Purchase Officer

4 weeks ago

Bengaluru Karnataka, India VIJAY ELECTRIC COMPANY Full time

**Responsibilities**:

- **Sourcing**: Identify potential suppliers for materials, components, and services required for the production of power transformers. Research and evaluate suppliers based on price, quality, delivery speed, and reliability.
- **Negotiation**: Negotiate favorable terms and pricing with suppliers to ensure cost-effective procurement of goods and services without compromising quality or delivery timelines.
- **Supplier Management**: Build and maintain strong relationships with suppliers to ensure timely delivery of materials and resolve any issues that may arise during the procurement process.
- **Purchase Orders**: Generate purchase orders and manage the procurement process from requisition to delivery, ensuring accuracy and compliance with company policies and procedures.
- **Inventory Management**: Monitor inventory levels of critical materials and components, forecast demand, and coordinate with suppliers to prevent stockouts and minimize inventory carrying costs.
- **Cost Optimization**: Identify opportunities for cost reduction through supplier negotiations, alternative sourcing strategies, and process improvements.
- **Quality Assurance**: Collaborate with the quality control team to ensure that purchased materials and components meet the required quality standards and specifications.
- **Documentation**: Maintain accurate records of procurement activities, including purchase orders, contracts, supplier agreements, and correspondence.
- **Compliance**: Ensure compliance with relevant regulations, standards, and policies governing procurement activities, including environmental, health, and safety requirements.

**Qualifications**:

- Bachelor's degree in Business Administration, Supply Chain Management, Engineering, or related field.
- Proven experience in procurement, preferably in the power transformer or electrical equipment industry.
- Strong negotiation skills and ability to communicate effectively with suppliers and internal stakeholders.
- Excellent analytical and problem-solving skills, with the ability to make data-driven decisions.
- Proficiency in procurement software and Microsoft Office Suite.
- Knowledge of supply chain management principles and practices.
- Familiarity with relevant regulations and standards governing procurement activities.
- Ability to work effectively in a fast-paced environment and manage multiple priorities simultaneously.
- Strong attention to detail and accuracy in record-keeping and documentation.

**Preferred Qualifications**:

- Certification in procurement or supply chain management (e.g., CSCP, CPIM, CPM).
- Experience with ERP systems for procurement and inventory management.
- Knowledge of power transformer manufacturing processes and materials.
- Familiarity with international sourcing and import/export regulations.

**Working Conditions**:

- This position typically operates in an office environment but may require occasional visits to supplier facilities or manufacturing sites.
- The Purchase Officer may need to work extended hours or weekends to meet project deadlines or address urgent procurement needs.

**Note**: This job description is intended to convey information essential to understanding the scope of the position and is not an exhaustive list of duties, responsibilities, or qualifications. Management may assign or reassign duties and responsibilities to this job at any time.

**Benefits**:

- Food provided
- Health insurance
- Provident Fund

Schedule:

- Day shift

**Experience**:

- total work: 5 years (preferred)

Work Location: In person

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