Purchase Executive

5 days ago

Tambaram Chennai Tamil Nadu, India Vishubh Integerated Solution Pvt Ltd Full time

**Sourcing and Procurement**:Identifying potential vendors, negotiating contracts, and purchasing goods and services to meet operational needs.

Typical Duties:

- Preparing purchase orders and tracking their progress.
- Reviewing and approving procurement documents.
- Monitoring supplier performance and resolving issues.
- Staying up-to-date on industry trends and new products.
- Collaborating with internal stakeholders to understand their needs.

**Required Skills**:

- **Negotiation skills**: Essential for securing favorable contracts and pricing.
- **Analytical skills**: Needed to analyze data, identify trends, and make informed decisions.
- **Communication skills**: Important for interacting with vendors and internal stakeholders.
- **Organizational skills**: Necessary for managing multiple tasks, prioritizing, and meeting deadlines.
- **Technical skills**: Proficiency in procurement software, ERP systems, and Microsoft Office Suite.

Job Titles:Procurement Manager, Procurement Specialist, Procurement Officer, Procurement Engineer, and Buyer. Educational Background:

- Bachelor's degree in procurement, supply chain management, business, or a related field.
- Relevant certifications (e.g., CIPS) may be beneficial.

**Experience**:

- Previous experience in procurement, purchasing, or supply chain management.
- Experience with vendor management, contract negotiation, and cost analysis.

In summary, a procurement job description outlines the core activities, required skills, and desired experience for individuals involved in acquiring goods and services for an organization, emphasizing cost-effectiveness, quality, and compliance.
- **Vendor Management**:Developing and maintaining strong relationships with suppliers, ensuring timely and cost-effective procurement.
- **Contract Negotiation**:Negotiating favorable terms and conditions with suppliers.
- **Cost Savings**:Analyzing market trends, identifying cost-saving opportunities, and implementing strategies to reduce procurement expenses.
- **Compliance**:Ensuring adherence to company policies, legal frameworks, and regulatory requirements.
- **Inventory Management**:Managing inventory levels, tracking stock, and ensuring timely replenishment.
- **Data Analysis**:Analyzing procurement data to identify trends, improve processes, and support decision-making.

Pay: ₹9,318.08 - ₹20,000.00 per month

**Benefits**:

- Provident Fund

Work Location: In person

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