Purchase Executive

7 months ago

Daman, India Macleods Pharmaceuticals Full time

Strategic Planning: Develop and implement procurement strategies aligned with the organization's goals and objectives. This involves analyzing market trends, assessing supplier capabilities, and identifying cost-saving opportunities.
- Vendor Management: Establish and maintain relationships with suppliers and vendors. Negotiate contracts, terms, and pricing agreements to ensure favorable terms for the organization. Evaluate supplier performance regularly and address any issues or concerns.
- Sourcing and Selection: Identify potential suppliers, conduct research, and evaluate proposals. Assess the quality, price, and reliability of products and services offered by vendors. Make recommendations for supplier selection based on thorough analysis and evaluation.
- Cost Management: Monitor and control procurement costs to ensure adherence to budgetary constraints. Implement cost-saving initiatives such as bulk purchasing, supplier consolidation, and negotiation of favorable terms.
- Inventory Management: Work closely with inventory control teams to optimize inventory levels and minimize excess or obsolete inventory. Ensure that adequate stock levels are maintained to support operational needs while minimizing carrying costs.
- Compliance and Risk Management: Ensure compliance with relevant laws, regulations, and industry standards. Mitigate risks related to supply chain disruptions, quality issues, and regulatory compliance. Develop and implement risk management strategies to safeguard the organization's interests.
- Process Improvement: Continuously review and improve procurement processes and procedures to enhance efficiency, streamline operations, and reduce costs. Implement best practices and utilize technology solutions to automate and streamline procurement workflows.
- Communication and Collaboration: Collaborate with internal stakeholders, including departments such as finance, operations, and marketing, to understand their procurement needs and requirements. Communicate effectively with cross-functional teams to ensure alignment and coordination of procurement activities.
- Performance Measurement: Establish key performance indicators (KPIs) to measure the effectiveness and efficiency of procurement operations. Track and analyze procurement metrics such as cost savings, supplier performance, and on-time delivery to identify areas for improvement.
- Professional Development: Stay updated on industry trends, market conditions, and best practices in procurement and supply chain management. Pursue professional development opportunities such as training, certifications, and networking events to enhance skills and knowledge.

**Job Types**: Full-time, Permanent, Fresher

Pay: ₹20,086.00 - ₹40,447.91 per month

**Benefits**:

- Health insurance
- Provident Fund

Schedule:

- Day shift
- Morning shift
- Night shift

Ability to commute/relocate:

- Daman, Daman and Diu: Reliably commute or planning to relocate before starting work (preferred)

**Education**:

- Bachelor's (preferred)

**Experience**:

- total work: 1 year (preferred)

Work Location: In person

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