Purchase Executive

1 day ago

Perungudi Chennai Tamil Nadu, India Lubdub Medical Technologies Pvt Ltd Full time

A Purchasing Executive job description typically outlines the role of someone responsible for acquiring goods and services for an organization, focusing on sourcing, negotiation, and contract management to ensure cost-effective and efficient procurement. This role often involves researching and evaluating potential suppliers, negotiating contracts, managing inventory, and ensuring compliance with company policies and regulations. Key Responsibilities of a Purchasing Executive:

- **Sourcing and Supplier Management**:Identifying, evaluating, and selecting suitable suppliers and vendors.
- **Negotiation**:Negotiating contracts, prices, and terms with suppliers to secure the best deals.
- **Order Processing**:Placing purchase orders, ensuring accurate tracking, and managing the procurement process.
- **Inventory Management**:Monitoring inventory levels, identifying needs, and managing stock levels to minimize waste and ensure timely availability.
- **Contract Management**:Negotiating, drafting, and managing contracts with suppliers.
- **Quality Assurance**:Ensuring that all goods and services meet the required quality standards and specifications.
- **Reporting and Analysis**:Creating reports on purchasing activities, analyzing spending trends, and identifying opportunities for improvement.
- **Compliance**:Ensuring that all purchasing activities comply with company policies, regulations, and industry standards.

Essential Skills for a Purchasing Executive:

- **Strong Negotiation Skills**:The ability to negotiate effectively with suppliers to secure favorable terms.
- **Excellent Communication Skills**:The ability to communicate clearly and effectively with suppliers, colleagues, and other stakeholders.
- **Analytical Skills**:The ability to analyze data, identify trends, and make informed purchasing decisions.
- **Organizational Skills**:The ability to manage multiple tasks, prioritize effectively, and maintain accurate records.
- **Problem-Solving Skills**:The ability to identify and resolve issues related to purchasing, such as delays, quality problems, or cost overruns.
- **Knowledge of Procurement Processes**:A strong understanding of procurement principles, practices, and best practices.
- **Familiarity with Procurement Software**:Proficiency in using procurement management software and other relevant tools.

Example of a Purchasing Executive's Tasks:

- **Researching and evaluating potential suppliers for a new product**:A purchasing executive might conduct market research, compare supplier capabilities, and negotiate a contract with the best-suited vendor.
- **Managing the procurement process for a large project**:This might involve coordinating with various departments, placing purchase orders, tracking shipments, and resolving any issues that arise.
- **Developing and implementing a cost-saving initiative**:A purchasing executive might analyze spending patterns, identify areas for cost reduction, and implement strategies to achieve those savings.
- **Building and maintaining strong supplier relationships**:This might involve regular communication with suppliers, resolving any issues, and fostering a collaborative relationship to ensure a consistent supply of high-quality goods and services.

contact number-7299957812

Pay: ₹20,000.00 - ₹22,000.00 per month

**Benefits**:

- Health insurance

Schedule:

- Morning shift

Supplemental Pay:

- Performance bonus

Work Location: In person

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