Purchase Officer

2 days ago

Gurugram Haryana, India Talent Destination Full time

**Position Name**:Purchase Officer

**Job Responsibility - Sourcing, Purchase**

Strategic Planning (RM Purchase) of A class Items (Caprolactam / N6 Chips / PET Chips / N6 Yarn / PET Yarn / N-66 Yarn) on a daily, monthly, and quarterly basis.

**Order Management**:

- Ensures placement of orders (A-Class Items), Establishing Letter of Credit (LC), and Shipments as per our plan.
- Follow up with suppliers for on-time dispatches.

**Price Monitoring**:

- Updating and monitoring prices of A-class items for negotiation and finalizing orders.
- Coordination with unit MLT (Four plants) and resolving issues related to Shipping Documents, Payment advices, and Sanction notes.

**Reporting**:

- Business sourcing monthly reports updation. PPT and Excel files.
- Analysis of Import Data - Caprolactam / N6 Yarn / N6 Chips every month.
- PBCS activity during Budget Session.

**Sales Order Management**:
**Coordination**:
Coordination with Transporters for new contracts, Security Deposits, and Bank Guarantee.

**Raw Material Delivery**:
Ensures delivery of Raw Material in proper time by following up orders from Suppliers.

**Inspection and Verification**:

- Inspection of incoming materials by verifying minimum specification requirements, such as Certificate of Analysis and Quality Certificate, etc.
- Verification of invoices with Technical Fibre reports.

**Shipment Monitoring**:
Daily monitoring of shipments to prevent delays and production losses at the factory level.

**Negotiation and Coordination**:
Negotiation, supplier reliability, cross-functional coordination with unit MLT, Finance, PPC, SSC, and other stakeholders of TTB.

**Inventory and Sourcing**:

- Inventory control, strategic sourcing & vendor development.
- Cost optimization & supplier negotiation.
- Demand forecasting & forward planning.
- Risk management, sustainability, and ethical sourcing.

**Import Procurement**:
Import procurement including documentation (LC, BOE), customs clearance, and coordination with freight forwarders and CHA.

**Cross-Functional Coordination**:
Cross-functional coordination (Production, QA/QC, Finance).

**Regulatory Compliance**:
Regulatory Compliance (ISO, REACH, SEZ).

**Audit Execution**:
Internal & external audits were executed for all A-class raw material.

**Procurement Management**:
Executed end-to-end Procurement of Raw Materials valued at Rs. 100 crore monthly, ensuring cost optimization, supplier reliability, and continuous supply for uninterrupted production for multiple manufacturing units.

**Decision Making**:
Decision-making skills & expertise in the Procurement process.

**Freight Finalization**:
Finalizing ocean freight forwarders for sea shipments in case of FOB terms.

**Supplier Monitoring**:
Monitoring supplier performance on quality, delivery, and compliance.

**Inventory Reduction**:
Reduced inventory holding by 13 days, improving working capital turnover.

**Procurement Scale**:
Handled procurement of 7000 MT worth Rs100+ Cr/month with zero stock-outs.

**Market Knowledge**:
Leveraged up-to-date market knowledge for successful purchase decisions, impacting the bottom line positively.

**Vendor Development**:
Developed alternate vendors, reducing dependency on single-source suppliers.

**Location**:Gurgaon

**Job Types**: Full-time, Permanent

Application Question(s):

- How Many years of Experience you have in to Purchase?
- Do you have experience of purchase of raw material?
- Do you have experience of Letter of credit?
- Your Current location?

Work Location: In person

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