Purchase Executive
3 months ago
**Position Overview**: A **Purchase Executive** is responsible for managing the procurement of goods and services required by the organization. This role involves sourcing reliable suppliers, negotiating prices, and ensuring timely delivery of materials while maintaining cost efficiency and quality standards. The Purchase Executive works closely with vendors, internal teams, and management to ensure smooth procurement operations.
Key Responsibilities:
- **Vendor Management**:
- Identify, evaluate, and negotiate with vendors to obtain the best quality materials at competitive prices.
- Build and maintain strong relationships with suppliers, ensuring a consistent and reliable supply chain.
- Conduct regular market research to identify new suppliers and assess market trends.
- **Procurement Process**:
- Oversee the entire procurement process, including purchase requisitions, purchase orders, and approvals.
- Ensure all procurement activities adhere to company policies and comply with legal and regulatory requirements.
- Coordinate with various departments to understand material requirements and ensure timely delivery.
- **Price Negotiation**:
- Negotiate prices, payment terms, and contracts with suppliers to secure the best possible deals.
- Monitor market price fluctuations and adjust procurement strategies accordingly.
- Work to reduce procurement costs while maintaining quality and efficiency.
- **Inventory Management**:
- Collaborate with warehouse and inventory teams to monitor stock levels and avoid overstocking or shortages.
- Ensure just-in-time (JIT) inventory practices are followed, minimizing holding costs and maximizing efficiency.
- Track and forecast material requirements based on production schedules and sales forecasts.
- **Quality Assurance**:
- Ensure that all purchased goods and services meet quality standards and specifications set by the company.
- Coordinate with quality control teams to inspect and assess incoming materials.
- Address any issues related to product quality or discrepancies with suppliers.
- **Documentation and Reporting**:
- Maintain accurate records of purchases, pricing agreements, and supplier information.
- Prepare and submit reports on procurement activities, including cost savings, vendor performance, and inventory levels.
- Ensure proper documentation for audits and compliance purposes.
- **Cost Control and Budgeting**:
- Work within approved budgets and contribute to cost-saving initiatives without compromising on quality.
- Assist in creating procurement budgets and track expenses to avoid exceeding financial limits.
- Regularly review procurement spending and suggest areas for improvement.
Qualifications and Skills:
- **Education**:Bachelor’s of Engineering in Electrical**
- **Experience**: 1-3 years of experience in procurement, purchasing, or supply chain management.
- **Skills**: Strong negotiation, communication, and analytical skills. Proficiency in procurement software and MS Office.
- **Knowledge**: Familiarity with supply chain procedures, inventory management, and market research.
This role is key in ensuring the smooth procurement of materials, maintaining cost efficiency, and building strong relationships with suppliers to support the organization’s operational needs.
**Contact : 7066556382 (HR Rashmi)**
Purchaseexecutive #Procurmentexecutive
**Job Types**: Full-time, Permanent
Pay: ₹15,000.00 - ₹20,000.00 per month
**Benefits**:
- Provident Fund
Schedule:
- Day shift
Supplemental Pay:
- Yearly bonus
Application Question(s):
- Only Required Qualification is BE Electrical
**Education**:
- Bachelor's (preferred)
**Experience**:
- total work: 2 years (preferred)
Work Location: In person
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