Procurement Executive

4 weeks ago

Mumbai, Maharashtra, India Knowledge Park Full time
Job Description

Key Responsibilities:

- Source, evaluate, and select suppliers based on price, quality, service, and reliability.
- Process purchase requisitions and convert them into purchase orders (POs).
- Negotiate pricing, payment terms, and delivery schedules with vendors.
- Monitor and track orders to ensure timely delivery and resolve supply chain issues.
- Maintain accurate records of purchases, pricing, and other essential procurement data.
- Conduct regular vendor evaluations and maintain strong supplier relationships.
- Coordinate with internal departments (e.g., production, quality, accounts) to determine procurement needs.
- Ensure compliance with company policies and regulatory requirements.
- Assist in developing procurement strategies to reduce cost and improve efficiency.
- Analyze market trends to identify potential supply risks or opportunities.

Qualifications and Experience:

Essential:

- Bachelor's degree in Supply Chain Management, Business Administration, Commerce, or related field.
- 24 years of relevant experience in procurement or supply chain.
- Proficient in MS Office and procurement software (e.g., SAP, Oracle, Tally, or other ERP systems).

Desirable:

- Professional certifications (e.g., CIPS, CSCP, CPM) are an added advantage.
- Experience in industry-specific procurement (e.g., pharmaceuticals, manufacturing, construction).

Skills and Competencies:

- Strong negotiation and communication skills.
- Analytical mindset and attention to detail.
- Vendor management and relationship-building abilities.
- Excellent organizational and multitasking skills.
- Problem-solving and conflict-resolution skills.
- Knowledge of procurement regulations, contract law, and compliance.

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