Purchasing Executive

7 days ago


Madurai, India Dhamu Chettiar Nagai Maaligai Full time

A. Procurement & Purchase Operations - Identify purchase requirements based on stock levels and sales trends. - Raise and manage Purchase Orders (PO) for gold, diamond, and silver items. - Coordinate with vendors for timelines, delivery, and order status. - Ensure purchase complies with budget, quality parameters, and design standards. - Handle customized order requirements in coordination with design/karigar team. B. Vendor Management - Develop and maintain strong relationships with suppliers and manufacturers. - Negotiate rates, wastage, credit terms, and making charges. - Evaluate vendor performance based on quality, delivery, pricing, and reliability. - Manage vendor meetings, sample approvals, and annual contracts. C. Quality & Compliance - Ensure all incoming jewellery meets QC/QA standards. - Verify hallmarking, weight tolerance, diamond certification (IGI/GIA) and finishing. - Coordinate with QC and hallmarking teams for testing and certification. - Manage returns, rework, and discrepancies with vendors. D. Inventory & Stock Management - Monitor stock levels, fast-moving and slow-moving items. - Plan replenishment based on season, festivals, and sales pattern. - Coordinate with operations for barcode creation and stock entry. - Analyse purchase and stock ageing reports for decision-making. E. Market & Trend Analysis - Track gold and diamond rate fluctuations. - Study market trends, customer preferences, and competitor products. - Recommend new designs or product categories for assortment enhancement. F. Reporting & Documentation - Maintain purchase reports, GRN data, and vendor statements. - Submit weekly/monthly purchase summaries. - Update ERP / stock management systems regularly. - Support finance and accounts team for vendor payment processing.


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