Procurement Executive

2 days ago

Wagle Estate Thane Maharashtra, India VIVID DECOR PRIVATE LIMITED Full time

**Key Responsibilities**:

- **Material Procurement & Supply Chain Management**:

- Source and purchase materials, equipment, and supplies required for production while optimizing cost, quality, and delivery.
- Develop and implement efficient procurement strategies to meet business needs and minimize costs.
- Maintain accurate inventory levels, ensuring timely and adequate stock levels to support production.
- Collaborate with internal departments (e.g., production, engineering) to forecast material needs and procurement timelines.
- Track and report on material delivery schedules to prevent production delays or shortages.
- **Vendor Management & Relationship Building**:

- Identify, evaluate, and select suppliers and vendors based on quality, cost, and service delivery.
- Build and maintain strong, long-term relationships with suppliers and vendors to secure favorable terms and ensure reliable delivery schedules.
- Negotiate contracts, including pricing, payment terms, delivery timelines, and other conditions.
- Monitor supplier performance to ensure adherence to quality standards and delivery requirements.
- Address and resolve any procurement-related issues or disputes in a timely manner.
- **Financial & Accounts Integration**:

- Oversee financial transactions related to procurement, including invoice verification, purchase order reconciliation, and payment processing.
- Ensure that procurement activities are aligned with the company’s financial policies and budgetary constraints.
- Collaborate with the Accounts and Finance teams to ensure accurate financial records, budgeting, and cost control for all procurement activities.
- Prepare cost reports, including material costs, vendor performance, and variances between budgeted and actual costs.
- Assist in the preparation of financial forecasts and reports related to material procurement and vendor management.
- **Reporting & Analysis**:

- Prepare regular reports for management on procurement activities, vendor performance, inventory levels, and financial performance related to procurement.
- Analyze procurement data to identify cost-saving opportunities, supplier performance trends, and potential areas for process improvement.
- Provide recommendations to optimize procurement processes, reduce costs, and improve supplier efficiency.
- **Skills**:

- Microsoft Office Suite (especially Excel).
- Strong negotiation and communication skills.
- Solid understanding of financial concepts related to procurement, including cost tracking, budgeting, and invoice management.
- Ability to analyze financial reports, material costs, and vendor performance metrics.
- Attention to detail and the ability to manage complex financial transactions and procurement processes.
- Ability to work under pressure, handle multiple priorities, and maintain a high level of accuracy.

Pay: ₹12,000.00 - ₹20,000.00 per month

**Benefits**:

- Food provided
- Provident Fund

Schedule:

- Day shift

**Experience**:

- total work: 1 year (preferred)

Work Location: In person

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