Purchase Executive

6 days ago


Noida Uttar Pradesh, India Verantes Living Private Limited Full time

**1. Supplier Management and Vendor Relations**
- Identifying, evaluating, and qualifying potential suppliers based on quality, cost, and reliability criteria
- Maintaining strong relationships with existing suppliers and developing new vendor partnerships
- Conducting regular supplier performance reviews and audits to ensure compliance with standards
- Negotiating favorable terms, pricing, and service level agreements with vendors
- Managing supplier contracts, renewals, and terminations when necessary

**2. Strategic Sourcing and Market Analysis**
- Conducting comprehensive market research to identify best-in-class suppliers and emerging trends
- Analyzing market conditions, pricing trends, and supply chain risks to inform procurement strategies
- Developing category-specific sourcing strategies to optimize cost and quality
- Benchmarking supplier performance against industry standards and competitors
- Identifying opportunities for consolidation and strategic partnerships

**3. Purchase Order Management and Processing**
- Creating, reviewing, and processing purchase orders accurately and efficiently
- Coordinating delivery schedules with suppliers to ensure timely receipt of materials
- Tracking order status, expediting urgent requirements, and managing delivery exceptions
- Maintaining accurate procurement documentation and records for audit purposes
- Implementing purchase approval workflows and authorization controls

**4. Cost Management and Budget Optimization**
- Analyzing total cost of ownership including acquisition, operational, and disposal costs
- Implementing cost reduction initiatives through strategic negotiations and process improvements
- Managing procurement budgets and ensuring adherence to approved spending limits
- Conducting spend analysis to identify savings opportunities and cost trends
- Developing business cases for capital purchases and major procurement decisions

**5. Quality Assurance and Compliance**
- Establishing quality standards and specifications for purchased goods and services
- Conducting incoming inspection and quality control processes
- Ensuring supplier compliance with regulatory requirements and industry standards
- Managing non-conformance issues and implementing corrective action plans
- Maintaining compliance with procurement policies, procedures, and legal requirements

**6. Inventory Management and Planning**
- Collaborating with planning teams to forecast demand and optimize inventory levels
- Implementing inventory control measures to minimize carrying costs and stockouts
- Managing safety stock levels and reorder points for critical materials
- Coordinating with warehouse teams for efficient receipt and storage of materials
- Analyzing inventory turnover and implementing strategies to reduce excess stock

**7. Cross-Functional Collaboration and Communication**
- Working closely with finance, operations, engineering, and quality teams to understand requirements
- Providing procurement expertise and recommendations to internal stakeholders
- Facilitating communication between suppliers and internal teams
- Participating in product development and value engineering initiatives
- Supporting contract negotiations and legal review processes

Pay: ₹15,000.00 - ₹25,000.00 per month

**Benefits**:

- Health insurance
- Provident Fund

Work Location: In person


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