Purchase Executive

1 month ago


Ramanatha Puram Coimbatore Tamil Nadu, India Paresha Hr Solutions Full time

As a Purchase Executive at our manufacturing unit, you will be responsible for overseeing the procurement process of raw materials, equipment, and services essential for our production operations. Your role will involve collaborating with suppliers, negotiating contracts, ensuring timely delivery of materials, and maintaining optimal inventory levels while adhering to quality standards and budgetary constraints.

**Key Responsibilities**:
**1. Procurement Management**:

- Identify and evaluate suppliers/vendors for the procurement of raw materials, packaging materials, machinery, equipment, and services required for production.
- Negotiate terms and conditions with suppliers to secure favorable pricing, payment terms, and delivery schedules.
- Maintain relationships with existing suppliers and develop new partnerships to ensure a diverse and reliable supply chain.
- Monitor market trends, industry developments, and supplier performance to make informed procurement decisions.

**2. Purchase Order Processing**:

- Generate purchase orders accurately based on production requirements, inventory levels, and demand forecasts.
- Coordinate with internal departments such as production, quality control, and logistics to ensure alignment of procurement activities with operational needs.
- Verify order quantities, specifications, and prices to prevent discrepancies and ensure compliance with purchasing policies and procedures.

**3. Inventory Management**:

- Monitor inventory levels of raw materials and consumables to prevent stockouts and overstock situations.
- Implement inventory control measures such as ABC analysis, reorder point optimization, and safety stock management to optimize inventory levels and minimize carrying costs.
- Conduct regular stock audits and reconcile discrepancies to maintain accurate inventory records.

**4. Quality Assurance**:

- Collaborate with the quality control team to ensure that purchased materials meet the required quality standards and specifications.
- Conduct supplier audits and inspections to assess compliance with quality management systems and regulatory requirements.

**5. Cost Management**:

- Track procurement expenses and analyze spending patterns to identify opportunities for cost savings and process improvements.
- Implement cost reduction initiatives such as bulk purchasing, supplier consolidation, and value engineering to enhance procurement efficiency and reduce procurement costs.

**6. Documentation and Reporting**:

- Maintain comprehensive procurement records, including purchase orders, contracts, invoices, and supplier correspondence.
- Prepare regular reports on procurement activities, supplier performance, inventory levels, and budget variance for management review.

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

Pay: ₹400,000.00 - ₹450,000.00 per year

**Benefits**:

- Health insurance
- Provident Fund

Schedule:

- Day shift
- Morning shift

Supplemental pay types:

- Performance bonus
- Yearly bonus

**Education**:

- Bachelor's (preferred)

**Experience**:

- Purchasing: 3 years (preferred)

Work Location: In person

Expected Start Date: 02/05/2024


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