Purchase Executive

2 weeks ago

Bengaluru Karnataka, India ACE HIRING SOLUTIONS Full time

**Procurement Specialist**:
**Responsibilities**:

- **Vendor Identification and Evaluation**:

- Identify, evaluate, and qualify suppliers for medical devices, components, and consumables.
- Ensure vendors meet regulatory and quality compliance standards (ISO 13485, CE, FDA, etc.).
- **Procurement Planning**:

- Develop and execute procurement plans aligned with production and sales forecasts.
- Maintain adequate inventory levels while avoiding overstock or shortages.
- **Negotiation and Cost Management**:

- Negotiate pricing, payment terms, and delivery schedules with vendors.
- Continuously work on cost-saving initiatives without compromising quality.
- **Purchase Order Management**:

- Prepare, issue, and track purchase orders (POs).
- Ensure timely approval and follow-up for order confirmation and dispatch.
- **Supplier Relationship Management**:

- Maintain good relationships with suppliers to ensure reliability and timely delivery.
- Handle supplier performance reviews and corrective actions when needed.
- **Quality and Compliance Coordination**:

- Coordinate with the quality assurance (QA) team to ensure purchased items meet medical device regulatory requirements.
- Manage documentation for audits and certifications (ISO, CDSCO, GMP).
- **Inventory and Logistics Coordination**:

- Collaborate with the stores and logistics teams for inventory management and inbound logistics.
- Track shipments and resolve customs or transport-related issues.
- **Market Research and Cost Benchmarking**:

- Conduct regular market studies to compare prices, technologies, and vendor offerings.
- Stay updated on import/export regulations, GST implications, and new supplier opportunities.
- **Documentation and Record Keeping**:

- Maintain procurement records, vendor databases, invoices, and compliance documents.
- Support internal and external audits by providing required documentation.
- **Cross-Department Collaboration**:

- Work closely with R&D, Production, and Finance teams to align purchase activities with business goals.
- Support new product development (NPD) by sourcing materials and components.

**Skills and Qualifications**: (This section would be added based on the specific requirements of the role. Examples include:)
- Bachelor's degree in a relevant field (e.g., Supply Chain Management, Business Administration).
- Proven experience in procurement, preferably within the medical device industry.
- Strong knowledge of relevant regulations (ISO 13485, CE, FDA, etc.).
- Excellent negotiation and communication skills.
- Proficiency in using procurement software and ERP systems.
- Strong analytical and problem-solving abilities.

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