Purchase Executive

6 months ago


Mumbai Maharashtra, India Sunraj Hi Tech Full time

**Job Summary**: The Purchase Executive in the Real Estate sector is responsible for overseeing and managing all procurement activities related to the acquisition of materials, services, and equipment necessary for real estate projects. This role involves ensuring cost-effective purchasing strategies, maintaining relationships with suppliers, and coordinating with internal departments to meet project requirements.

**Key Responsibilities**:

- **Procurement Management**:

- Identify and evaluate potential suppliers, negotiate terms and conditions, and finalize purchase agreements.
- Develop and implement effective procurement strategies to ensure timely acquisition of materials and services.
- Conduct market research to stay updated on industry trends and pricing.
- **Supplier Relationship Management**:

- Establish and maintain strong relationships with suppliers and vendors.
- Monitor supplier performance to ensure compliance with contractual terms and quality standards.
- Address any issues or discrepancies with suppliers promptly and effectively.
- **Cost Control and Budgeting**:

- Prepare and manage procurement budgets, ensuring adherence to financial constraints.
- Analyze cost structures and identify opportunities for cost savings without compromising quality.
- Maintain records of purchases, pricing, and other important data for financial analysis and reporting.
- **Coordination and Communication**:

- Collaborate with project managers, architects, and other stakeholders to understand material and service requirements.
- Coordinate the delivery schedules of purchased items to ensure alignment with project timelines.
- Communicate effectively with internal teams to resolve any procurement-related issues.
- **Compliance and Documentation**:

- Ensure all procurement activities comply with company policies, legal requirements, and industry standards.
- Maintain accurate and up-to-date procurement documentation, including contracts, purchase orders, and invoices.
- Conduct regular audits to verify compliance and identify areas for improvement.
- **Inventory Management**:

- Monitor inventory levels and manage stock replenishment to avoid shortages or overstock situations.
- Implement inventory control measures to optimize stock levels and reduce carrying costs.
- Coordinate with warehouse staff to ensure proper storage and handling of materials.

**Qualifications**:

- Bachelor’s degree in Business Administration, Supply Chain Management, or a related field.
- Proven experience as a Purchase Executive or similar role, preferably in the real estate or construction industry.
- Strong negotiation, communication, and interpersonal skills.
- Excellent organizational and time management abilities.
- Proficiency in procurement software and Microsoft Office Suite.
- Knowledge of market research, data analysis, and purchasing best practices.
- Familiarity with legal aspects of contracts and procurement processes.

**Additional Requirements**:

- Ability to work under pressure and meet tight deadlines.
- Strong analytical and problem-solving skills.
- Attention to detail and a high level of accuracy.
- Ability to work independently and as part of a team.

Pay: ₹25,000.00 - ₹35,871.49 per month

Schedule:

- Day shift

**Education**:

- Bachelor's (preferred)

**Experience**:

- total work: 1 year (preferred)

Work Location: In person


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