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Purchase Executive

1 month ago

Hyderabad Telangana, India lansum Properties llp Full time

**Responsibilities**:
**Procurement Planning**:

- Collaborate with project managers to comprehend procurement requirements.
- Gain a thorough understanding of the requirements and technical requirements of the product or service.
- Develop procurement plans for timely and cost-effective material, equipment, and service procurement.
- Conduct market research to identify potential suppliers and maintain a robust supplier database.

**Supplier Management**:

- Evaluate suppliers based on quality, reliability, and cost-effectiveness.
- Negotiate and manage supplier contracts.
- Monitor supplier performance, resolving any issues promptly.
- Cultivate strong relationships with suppliers for material and service availability.
- Updating of supplier database with the latest entrants and the evolving technologies relevant to the industry

**Purchase Order Management**:

- Review and convert purchase requisitions into accurate and complete purchase orders.
- Monitor and track purchase orders to ensure on-time delivery.
- Coordinate with project teams and suppliers to resolve delivery or quality issues.

**Cost Management**:

- Analyze market trends, prices, and supplier performance for cost-saving opportunities.
- Implement cost control measures without compromising quality.
- Conduct periodic audits for compliance with procurement policies.
- Analyze every material or product to ensure the pricing is appropriate for the product procured.

**Inventory Management**:

- Manage inventory levels for optimal stock availability.
- Coordinate with warehouse and project teams to track and reconcile inventory.
- Implement inventory control measures to minimize stock-outs and excess inventory.

**Compliance and Documentation**:

- Ensure compliance with company policies, procurement regulations, and applicable laws.
- Maintain accurate procurement records and documentation.
- Prepare reports and provide updates on procurement activities to management.

**Qualifications**:

- 8 - 15 years of procurement experience in the real estate or construction industry.
- Residential purchase experience is essential.
- Strong Proficiency in MS Office (Excel, Word).
- Experience in preparing MIS reports as per management requirements.
- Strong knowledge of procurement processes, vendor management, and supply chain management.
- Excellent negotiation and communication skills.
- Proficient in procurement software (ERP) and other relevant tools.
- BE, BTech or Master's degree in Business Administration, Supply Chain Management, or a related field (preferred).
- Good Analytical skills to review the quotations and understand the intricacies.
- Financial acumen to grasp the impact of procurement decisions on the overall budget.
- Strategic thinking to develop and implement cost-effective procurement plans that align with the organization's goals.
- Maintaining **ethical standards** in procurement practices ensures transparency, fairness, and integrity, which is crucial for long-term success and cost management.
- Being adaptable to changes in the market, industry regulations, or organizational priorities allows for agility in adjusting procurement strategies for optimal cost management.
- Good understanding on National Building Code (NBC) of construction

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

**Salary**: ₹11,099.37 - ₹34,232.32 per month

**Benefits**:

- Food provided
- Health insurance
- Life insurance
- Provident Fund

Schedule:

- Day shift

Supplemental pay types:

- Performance bonus

**Education**:

- Bachelor's (preferred)

**Experience**:

- total work: 1 year (preferred)

Ability to Commute:

- Hyderabad, Telangana (required)

Ability to Relocate:

- Hyderabad, Telangana: Relocate before starting work (required)

Work Location: In person

**Speak with the employer**
+91 9346038276