Purchase Executive

As a Purchase Executive, you will be responsible for handling the procurement process, sourcing suppliers and managing vendor relationships to ensure a seamless supply chain and optimise costs. You will also collaborate with cross-functional teams, make strategic decisions and implement best practices within our procurement function.

This is an exciting opportunity to contribute to our company's success and be part of a dynamic team in a competitive market. We offer competitive compensation packages and a supportive work environment that fosters learning and professional growth.

**Objectives of this role**
- Developing and implementing procurement strategies and policies for cost optimisation and enhancing supply chain efficiency.
- Acquisition of spare parts, bags, and external repair services for all plant machinery.
- Identifying, evaluating and selecting suppliers based on quality, reliability, cost-effectiveness and adherence to ethical and sustainability standards.
- Negotiating contracts and terms with suppliers to ensure favourable pricing, payment terms and mutually beneficial agreements.
- Collaborating with internal stakeholders to understand their requirements and align procurement activities with organisational goals.
- Conducting market research and analysis to stay updated on industry trends, supplier capabilities and pricing fluctuations.
- Managing supplier relationships, including ongoing performance evaluation, issue resolution and fostering long-term partnerships.
- Monitoring inventory levels, analysing demand patterns and implementing inventory management strategies to manage stock levels and avoid shortages or excesses.

**Your tasks**
- Implement procurement systems and tools to streamline processes and enhance efficiency.
- Procurement of replacement parts, bags, and outsourced repair services for all equipment in the plant.
- Source a nd negotiate with potential suppliers, assess their capabilities and evaluate their suitability based on predefined criteria.
- Manage supplier relationships, including regular communication, performance evaluations and issue resolution.
- Analyse inventory levels, demand forecasts and consumption patterns to optimise stock levels and reduce carrying costs.
- Continuously evaluate and improve procurement practices, including identifying cost-saving opportunities and process enhancements.
- Prepare and present reports on procurement activities, performance metrics and cost savings to higher management.
- Develop and maintain procurement metrics to track performance, identify areas for improvement and report on sourcing effectiveness.
- Implement sustainable and socially responsible strategic sourcing practices, including supporting local suppliers and promoting ethical sourcing.
- Stay updated on regulatory requirements and ensure compliance with applicable laws and regulations related to sourcing activities.

**Required skills and qualifications**
- Master’s degree in supply chain management, business administration or related field.
- 5+ years of experience as a purchasing Executive.
- In-depth knowledge of procurement principles, strategies and best practices.
- Demonstrable experience in the market and familiarity with local suppliers and sourcing channels.
- Experience in implementing sustainable and socially responsible procurement practices.
- Strong skills in budgeting, cost optimisation and negotiation techniques.
- Knowledge of vendor management and inventory management systems.
- An analytical mind with excellent communication and interpersonal skills.
- Ability to work collaboratively with cross-functional teams.
- Proficiency in using procurement software and systems.
- Knowledge of local and national laws and regulations related to procurement.
- Willingness to work in a fast-paced and competitive environment.

**Preferred skills and qualifications**
- Master’s degree in supply chain management, business administration or related field.
- Knowledge of industry-specific regulations and compliance requirements.
- Proficiency in data analysis and reporting tools.
- Ability to lead and mentor a team of procurement professionals.
- Detail-oriented with strong organisational and time management abilities.

Pay: ₹31,000.00 - ₹33,000.00 per month

**Benefits**:

- Provident Fund

Schedule:

- Day shift

**Education**:

- Bachelor's (preferred)

**Experience**:

- total work: 5 years (preferred)

Work Location: In person