Executive Purchase

22 hours ago

Industrial Area Lucknow Uttar Pradesh, India Tankup Petro Ventures LLP Full time

The Purchase Executive is responsible for managing the procurement of materials, equipment, and services necessary for the company's operations. This role involves sourcing suppliers, negotiating contracts, managing supplier relationships, and ensuring timely delivery of goods and services.

**Key Responsibilities**:

- **Supplier Sourcing and Evaluation**:

- Identify and evaluate potential suppliers based on quality, price, and delivery speed.
- Conduct market research to stay informed about market trends and supplier performance.
- Develop and maintain a database of reliable suppliers.
- **Procurement Process Management**:

- Prepare and process purchase orders and documents in accordance with company policies and procedures.
- Ensure all procurement activities are conducted in compliance with organizational and legal requirements.
- Monitor and manage inventory levels to avoid stockouts and excess inventory.
- **Contract Negotiation**:

- Negotiate terms and conditions with suppliers to secure the best possible deals.
- Review and manage supplier contracts to ensure compliance with agreed terms.
- **Cost Control and Budgeting**:

- Work within the budgetary constraints set by the company.
- Identify cost-saving opportunities and implement measures to reduce procurement expenses.
- Provide regular reports on procurement activities and expenditures to senior management.
- **Supplier Relationship Management**:

- Build and maintain strong relationships with suppliers to ensure long-term cooperation.
- Conduct regular supplier performance reviews and address any issues that arise.
- Coordinate with suppliers to ensure timely delivery of goods and services.
- **Quality Assurance**:

- Ensure all purchased goods and services meet the company's quality standards.
- Coordinate with the quality assurance team to resolve any quality issues.
- Implement corrective actions when necessary to address quality deficiencies.
- **Documentation and Record-Keeping**:

- Maintain accurate records of all procurement activities, including purchase orders, contracts, and correspondence with suppliers.
- Ensure proper documentation for auditing and compliance purposes.
- **Collaboration and Communication**:

- Work closely with other departments, such as production, finance, and logistics, to understand their procurement needs.
- Communicate effectively with internal stakeholders to ensure alignment on procurement requirements.
- Provide regular updates on procurement status and any potential issues.

**Qualifications**:

- **Education**: Bachelor's degree in Business Administration, Supply Chain Management, or a related field.
- **Experience**:

- 3+ years of experience in a procurement or purchasing role.
- Experience in the [industry relevant to the company] is preferred.
- **Technical Skills**:

- Proficiency in procurement software and ERP systems.
- Strong understanding of procurement processes and best practices.
- **Negotiation Skills**: Excellent negotiation and contract management skills.
- **Analytical Skills**: Strong analytical and problem-solving abilities.
- **Communication**: Effective communication and interpersonal skills.

Pay: ₹18,000.00 - ₹22,000.00 per month

Schedule:

- Day shift

Work Location: In person

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