Purchase Officer

7 months ago

Amritsar, India Khurana Oleo Chemicals Full time

Job Summary:
As a Purchase Officer, you will be responsible for efficiently managing the procurement process, ensuring the timely acquisition of goods and services while maintaining cost-effectiveness. Your role will involve collaborating with various departments, vendors, and stakeholders to support the organization's operational needs.

Key Responsibilities:
Vendor Management:

- Identify, evaluate, and select suppliers and vendors.
- Negotiate terms and conditions with suppliers to secure favorable pricing and contracts.
- Maintain positive relationships with suppliers, addressing any issues or concerns as they arise.

Procurement:

- Create RFQ, Bid Analysis and manage Purchase Orders, ensuring accuracy and compliance with procurement policies.
- Monitor inventory levels and reorder materials as needed to maintain stock levels.
- Source products and services to meet the organization's requirements.

Cost Control:

- Analyze market trends and pricing to ensure cost-effectiveness.
- Implement cost-saving strategies while maintaining product or service quality.
- Ensure adherence to budgetary constraints.

Quality Assurance:

- Verify the quality of received goods and services and address any discrepancies or defects.
- Ensure that products meet the organization's standards and specifications.

Compliance:

- Stay up-to-date with relevant laws and regulations pertaining to procurement.
- Ensure all procurement activities are in compliance with legal and ethical standards.

Documentation:

- Maintain comprehensive records of all procurement activities, including contracts, invoices, and correspondence.
- Generate reports on procurement activities for management review.

Communication:

- Collaborate with various departments to understand their procurement needs.
- Communicate procurement status, issues, and updates to relevant stakeholders.

Inventory Management:

- Oversee and optimize inventory levels to prevent overstocking or stockouts.
- Conduct regular inventory audits and maintain accurate records.

Qualifications:

- Diploma / BE Mechanical or Chemical, MBA supply chain management, or a related field.
- Proven experience in procurement, preferably in a similar role.
- Strong negotiation and communication skills.
- Proficiency in procurement software and tools.
- Knowledge of procurement regulations and industry best practices.
- Attention to detail and excellent organizational skills.
- Ability to work independently and in a team.
- Problem-solving and decision-making abilities.
- Strong analytical skills and proficiency in using data for decision-making.

**Salary**: ₹20,000.00 - ₹35,000.00 per month

**Benefits**:

- Leave encashment
- Provident Fund

Schedule:

- Day shift

Supplemental pay types:

- Yearly bonus

Ability to commute/relocate:

- Amritsar, Punjab: Reliably commute or planning to relocate before starting work (required)

**Experience**:

- total work: 1 year (preferred)

**Language**:

- English (required)

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