Purchase Executive

3 months ago

Kalher Thane Maharashtra, India Rama Mining Tools Pvt Ltd. Full time

1. Taking responsibility of Purchase Department

2. Managing the Purchase executives

3. Communicate with the vendors for various matters like delivery, QC as and when required

4. Inter department communication (Sales & Mkt / Log / Stores)

5. Search new vendor for new or existing products & Packing Material

Key Responsibilities:

- **Strategic Sourcing**:

- Develop and implement sourcing strategies to ensure the timely and cost-effective procurement of materials, tools, and equipment required for mining operations.
- Identify and evaluate potential suppliers and vendors, maintaining strong relationships and negotiating contracts to secure favorable terms and pricing.
- **Procurement Management**:

- Supervise the procurement team in issuing purchase orders, contracts, and agreements in compliance with company policies and procedures.
- Monitor procurement activities to ensure adherence to budgetary constraints and project timelines, resolving any issues or delays as necessary.
- **Supplier Relationship Management**:

- Foster and maintain strategic partnerships with key suppliers and vendors, conducting regular performance reviews and addressing any concerns or issues that may arise.
- Collaborate with suppliers to drive continuous improvement initiatives, such as cost reductions, quality enhancements, and process efficiencies.
- **Inventory Control and Management**:

- Oversee inventory levels and stock replenishment processes, working closely with warehouse and inventory teams to optimize stock levels and minimize carrying costs.
- Implement inventory control measures to prevent stockouts and excess inventory, ensuring the availability of materials and equipment as needed.
- **Contract Negotiation and Management**:

- Lead negotiations with suppliers to establish favorable terms and conditions, including pricing, delivery schedules, and payment terms.
- Review and manage supplier contracts and agreements, ensuring compliance with legal and regulatory requirements and mitigating any contractual risks.
- **Cost Analysis and Optimization**:

- Conduct cost analysis and market research to identify cost-saving opportunities and optimize procurement strategies.
- Develop and implement cost reduction initiatives while maintaining quality standards and meeting operational requirements.
- **Documentation and Reporting**:

- Maintain accurate records of procurement activities, including purchase orders, contracts, and supplier communications.
- Generate reports on procurement performance, spending analysis, and cost savings achievements, providing insights and recommendations to management.
- **Compliance and Risk Management**:

- Ensure compliance with company policies, procedures, and regulatory requirements in all procurement activities.
- Identify and mitigate potential risks related to procurement, such as supply chain disruptions, supplier dependencies, and regulatory compliance issues.

**Qualifications and Skills**:

- Bachelor’s degree in Business Administration.
- Proven experience in procurement, preferably in the mining tools or heavy equipment industry,
- Strong leadership and team management skills, with the ability to motivate and develop a high-performing procurement team.
- Excellent negotiation, communication, and interpersonal skills, with the ability to build and maintain relationships with internal stakeholders and external suppliers.
- In-depth knowledge of procurement best practices, supply chain management principles, and relevant regulations.

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

**Benefits**:

- Leave encashment
- Provident Fund

Schedule:

- Day shift
- Morning shift

Supplemental Pay:

- Yearly bonus

Ability to commute/relocate:

- Kalher, Thane, Maharashtra: Reliably commute or planning to relocate before starting work (preferred)

**Education**:

- Bachelor's (preferred)

**Language**:

- English (preferred)
- Marathi (preferred)
- Hindi (preferred)

**Location**:

- Kalher, Thane, Maharashtra (preferred)

Work Location: In person

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