Purchase Executive

3 weeks ago

Pune, India Luxelan Pvt Ltd Full time

A Purchase Executive, also known as a Procurement Executive or Purchasing Officer, is a professional responsible for managing an organization's procurement or purchasing activities. Their primary role is to ensure that the organization acquires goods, services, and materials necessary for its operations at the best possible terms in terms of quality, cost, and delivery. Here are some of the key responsibilities and tasks associated with the role of a Purchase Executive:
**Vendor Selection**: Research and identify potential suppliers and vendors. Evaluate and compare suppliers' products and services to determine the best fit for the organization's needs.

**Negotiation**: Negotiate terms and conditions with suppliers to secure advantageous agreements. This includes price negotiation, delivery terms, payment terms, and quality standards.

**Purchase Orders**: Create purchase orders and ensure they are accurate and comply with organizational policies and procedures.

**Quality Control**: Monitor the quality of products or services received from suppliers to ensure they meet the organization's standards and specifications.

**Cost Management**: Control and reduce costs related to procurement while maintaining quality and performance standards.

**Inventory Management**: Maintain an appropriate level of inventory to meet the organization's needs without overstocking or running out of essential supplies.

**Compliance**: Ensure that all procurement activities comply with relevant laws and regulations, as well as the organization's internal policies.

**Supplier Relationship Management**: Develop and maintain positive and productive relationships with suppliers. This includes addressing issues, resolving disputes, and fostering long-term partnerships.

**Market Research**: Stay informed about market trends, new products, and potential cost-saving opportunities in the industry.

**Budget Management**: Assist in developing and managing the procurement budget and cost control initiatives.

**Documentation**: Keep accurate records of procurement transactions, contracts, and supplier information.

**Reporting**: Provide regular reports to management on procurement activities, cost savings, and performance.

**Sustainability**: Consider environmental and social responsibility factors when making procurement decisions, such as sourcing sustainable or ethically-produced products.

**Risk Management**: Identify and manage risks related to procurement, such as supply chain disruptions or supplier performance issues.

**Continuous Improvement**: Seek ways to improve the efficiency and effectiveness of the procurement process.

The specific duties and requirements for a Purchase Executive may vary depending on the organization's size, industry, and specific needs. Effective procurement is crucial for an organization's success, as it can significantly impact costs, quality, and overall business operations.

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

**Benefits**:

- Cell phone reimbursement
- Health insurance
- Leave encashment
- Paid time off
- Provident Fund

Schedule:

- Day shift

Supplemental pay types:

- Yearly bonus

**Education**:

- Higher Secondary(12th Pass) (preferred)

**Experience**:

- Purchasing: 1 year (required)
- Interior design: 1 year (required)

Work Location: In person

**Speak with the employer**
+91 9226579363

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