Purchase & Vendor Executive
11 hours ago
**Magnanimous Design Minds Pvt. Ltd.**
**Company Overview**
Magnanimous Design Minds Pvt. Ltd.is a leading provider of comprehensive business solutions for small, medium, and large-scale manufacturers. We guide product development from initial concept to final production, incorporating innovative mechanical designs to enhance functionality and market appeal.
**Purchase & Vendor Executive**
- **Start Date**: Immediate
- **Location**: My Design Minds, RZ-16, Third Floor, Mahindra Park, Near Hero Showroom, Uttam Nagar, Delhi (110059)
- **No.** **Of Vacancies**: 5
- **Employment Type**: Work from Office (Full-time)
- **Stipend**: 5,000-10,000 (Depending on skill set)
- **Experience**:0-1 Year in 1-2 years of experience in purchase, procurement
- **Duration**:6 Months
**Roles and Responsibilities:Vendor Management**:
- Identify, evaluate, and onboard reliable vendors and suppliers
- Maintain strong working relationships with existing vendors
- Negotiate pricing, payment terms, and delivery timelines
- Evaluate vendor performance regularly and suggest improvements
**Procurement & Purchase Operations**:
- Receive internal purchase requests and process orders accordingly
- Prepare and issue purchase orders (POs), follow up on deliveries
- Ensure timely procurement of materials, tools, or services needed for operations/projects
- Coordinate with internal teams (design, development, accounts, etc.) to understand purchase needs
**Documentation & Compliance**:
- Maintain proper records of quotations, purchase orders, invoices, and challans
- Ensure accurate documentation for audits and inventory tracking
- Coordinate with accounts team for timely payments and vendor reconciliation
**Cost Optimization**:
- Monitor and analyze market trends to get the best value for money
- Suggest alternate suppliers or solutions to reduce procurement costs without compromising on quality
**Reporting & Coordination**:
- Prepare weekly and monthly reports on purchases, vendor performance, and cost efficiency
- Work closely with project managers and team leads for timely updates on material requirements
- Ensure transparency and regular communication with stakeholders
**Requirements**:
- Bachelor's degree in Business Administration, Supply Chain Management, or a related field
- 1-2 years of experience in purchase, procurement, or vendor management (fresher’s with strong skills may apply)
- Good negotiation and communication skills
- Knowledge of procurement software/tools is a plus
- Ability to multitask and meet tight deadlines
**Application Instructions**:
Contact Person Name: Shristy Singh (HR Executive)
**Job Types**: Full-time, Internship
Pay: ₹10,000.00 - ₹15,000.00 per month
**Benefits**:
- Paid time off
Schedule:
- Day shift
Work Location: In person
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