Procurement Executive

4 days ago

Nagpur Maharashtra, India PEB 360 Solutions Full time

**Sourcing and Vendor Management**: Identifying potential suppliers, evaluating their capabilities, negotiating contracts, and managing vendor relationships to ensure timely delivery of quality goods and services at competitive prices.
- **Procurement Planning**: Developing procurement strategies aligned with organizational objectives, forecasting demand, and determining the most cost-effective methods of procurement.
- **Purchase Order Processing**: Creating and processing purchase orders, ensuring accuracy in quantities, specifications, and pricing, and coordinating with internal stakeholders to fulfill procurement requirements.
- **Inventory Management**: Monitoring inventory levels, analyzing usage patterns, and implementing inventory control measures to optimize stock levels and minimize excess or obsolete inventory.
- **Cost Analysis and Budgeting**: Conducting cost analysis to identify cost-saving opportunities, tracking procurement expenses, and preparing budgets for procurement activities.
- **Contract Management**: Reviewing and managing supplier contracts, ensuring compliance with contractual terms and conditions, and resolving any contractual disputes or issues that may arise.
- **Risk Management**: Identifying potential risks in the supply chain, implementing risk mitigation strategies, and maintaining continuity of supply through effective risk management practices.
- **Quality Assurance**: Collaborating with quality assurance teams to establish and maintain quality standards for purchased goods and services, ensuring compliance with regulatory requirements and industry standards.
- **Supplier Performance Evaluation**: Evaluating supplier performance based on key performance indicators (KPIs), conducting supplier audits, and implementing improvement initiatives to enhance supplier performance.
- **Market Research and Analysis**: Monitoring market trends, analyzing industry developments, and identifying potential suppliers or products that align with organizational needs and objectives.
- **Cross-functional Collaboration**: Collaborating with internal departments such as finance, operations, and logistics to ensure alignment of procurement activities with overall business objectives and strategies.
- **Continuous Improvement**: Identifying opportunities for process improvement, implementing best practices, and driving continuous improvement initiatives to enhance the efficiency and effectiveness of procurement processes.
- **Compliance and Ethics**: Ensuring compliance with relevant laws, regulations, and corporate policies, and promoting ethical conduct in all procurement activities.
- **Reporting and Analysis**: Generating reports and conducting data analysis to track procurement performance, identify trends, and provide insights for decision-making purposes.

**Salary**: ₹12,000.00 - ₹20,000.00 per month

Schedule:

- Day shift

**Experience**:

- total work: 2 years (preferred)

Work Location: In person

**Speak with the employer**
+91
8799916142

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