Urgent Hiring Procurement Executive

2 weeks ago

Visakhapatnam, India TIOT Systems Pvt. Ltd. Full time

**Strategic Sourcing**: Develop and implement strategic sourcing strategies to optimize procurement processes and achieve cost savings.
- **Supplier Management**: Identify, evaluate, and select reliable suppliers while maintaining a database of approved vendors.
- **Negotiation**: Negotiate favorable terms and pricing with suppliers, ensuring quality, delivery schedules, and cost efficiency.
- **Contract Management**: Draft, review, and manage contracts, including terms and conditions, to protect the organization's interests.
- **Inventory Control**: Monitor and analyze inventory levels, ensuring optimal stock levels while minimizing carrying costs.
- **Compliance**: Ensure compliance with company policies, industry regulations, and legal requirements in all procurement activities.
- **Risk Assessment**: Identify and assess potential risks in the supply chain, and develop mitigation strategies to minimize disruptions.
- **Procurement Process Improvement**: Continuously review and improve procurement processes to enhance efficiency and effectiveness.
- **Budget Management**: Work closely with finance teams to develop and manage the procurement budget effectively.

Required Skills and Qualifications
- **Education**: Bachelor's degree in any discipline, Supply Chain Management, or related field.
- **Experience**: Proven experience in procurement, with a track record of successful negotiations and supplier management.
- **Analytical Skills**: Strong analytical and problem-solving abilities to make data-driven procurement decisions.
- **Communication**: Excellent verbal and written communication skills, with the ability to effectively negotiate and build relationships.
- **Technology Proficiency**: Familiarity with procurement software and ERP systems for inventory and supplier management.
- **Negotiation Skills**: Adept at negotiating terms, pricing, and contracts to achieve favorable outcomes for the organization.
- **Organizational Skills**: Strong organizational and time management skills to handle multiple procurement projects simultaneously.

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

Pay: ₹120,000.00 - ₹250,000.00 per year

**Benefits**:

- Leave encashment
- Paid sick time
- Paid time off

Schedule:

- Day shift

**Education**:

- Diploma (preferred)

**Experience**:

- Procurement management: 3 years (preferred)

**Location**:

- Vishakapatnam, Andhra Pradesh (preferred)

Willingness to travel:

- 25% (preferred)

Work Location: In person

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