Purchase Executive

21 hours ago

Delhi Delhi, India ConsultantKart.com Full time

JOB TITLE : Purchase Executive

LOCATION : Okhla, Delhi

Job Summary:
The Purchase Executive is responsible for managing the procurement of goods and services required by the company. This role involves sourcing suppliers, negotiating terms, placing orders, and ensuring timely delivery of quality products at the best possible cost. The Purchase Executive plays a key role in managing inventory levels and supporting smooth operations through effective purchasing practices.

**Key Responsibilities**:

- **Procurement of Goods and Services**:

- Identify and source suppliers for required products, materials, or services.
- Evaluate and select suppliers based on quality, cost, and delivery terms.
- Issue purchase orders and ensure all terms and conditions are met.
- **Supplier Management**:

- Build and maintain strong relationships with vendors and suppliers.
- Negotiate prices, payment terms, and delivery schedules with suppliers.
- Monitor and evaluate supplier performance to ensure consistent product quality and timely delivery.
- **Inventory Management**:

- Collaborate with the inventory and store teams to ensure stock levels are optimized.
- Monitor stock levels and reorder goods when necessary to avoid shortages or overstocking.
- Track purchase orders, ensure proper documentation, and manage product delivery schedules.
- **Cost Control & Budgeting**:

- Ensure purchasing is done within the allocated budget, seeking cost-effective alternatives without compromising quality.
- Maintain records of all purchasing activities and provide regular cost analysis reports to management.
- **Quality Assurance**:

- Ensure that all purchased goods meet the quality standards and specifications set by the company.
- Address and resolve quality issues or discrepancies with suppliers in a timely manner.
- **Order Processing & Documentation**:

- Process purchase requisitions and create purchase orders based on requirements.
- Maintain accurate and up-to-date records of purchase orders, receipts, and invoices.
- Handle order discrepancies and ensure proper documentation for accounting and auditing purposes.
- **Vendor Evaluation & Risk Management**:

- Conduct supplier performance reviews and address any issues related to product quality, pricing, or delivery.
- Identify potential risks in the supply chain and work on mitigating them.
- **Coordination with Other Departments**:

- Work closely with other departments (e.g., Finance, Inventory, Production) to ensure the smooth flow of goods.
- Communicate with internal teams about any changes in delivery schedules or order statuses.
- **Compliance & Reporting**:

- Ensure compliance with internal procurement policies, regulatory standards, and legal requirements.
- Prepare and present regular procurement reports, highlighting key metrics such as cost savings, supplier performance, and inventory status.
- **Continuous Improvement**:

- Proactively seek ways to improve procurement processes and increase efficiency.
- Stay updated on market trends, new suppliers, and industry best practices.

Pay: ₹20,000.00 - ₹25,000.00 per month

Schedule:

- Day shift

**Experience**:

- total: 1 year (preferred)

Work Location: In person

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