
Purchase/procurement Executive
3 days ago
**Supplier and Contractor Sourcing**:
- Identify and assess potential contractors based on project requirements, quality standards, and cost-efficiency.
- Conduct market research and benchmarking to evaluate suppliers’ capabilities and competitiveness.
- **Contract Finalization and Negotiation**:
- Negotiate terms, prices, and conditions with contractors to secure the best possible value.
- Draft, review, and finalize contracts, ensuring alignment with project objectives, timelines, and budgets.
- Coordinate with legal and compliance teams to ensure all contracts meet regulatory standards and company policies.
- **Vendor Relationship Management**:
- Build and maintain strong relationships with contractors and suppliers to ensure long-term partnerships.
- Monitor vendor performance against contractual obligations, including delivery timelines, quality standards, and cost expectations.
- Address and resolve issues with suppliers as they arise, documenting any deviations and implementing corrective actions.
- **Risk Assessment and Management**:
- Conduct due diligence and risk assessments on contractors before finalization.
- Identify potential risks in the procurement and contracting process and develop risk mitigation strategies.
- **Budgeting and Cost Control**:
- Support the procurement budgeting process by providing accurate cost estimates for contractor services.
- Work closely with the finance team to track and manage procurement expenses, ensuring adherence to budget constraints.
- **Compliance and Documentation**:
- Ensure all procurement activities comply with company policies, industry regulations, and relevant laws.
- Maintain thorough documentation of the contracting process, including bids, quotes, agreements, and evaluations.
- **Process Improvement**:
- Identify opportunities to streamline procurement processes, reduce costs, and improve quality.
- Implement best practices in vendor selection, contract negotiation, and supplier performance management.
**Job Types**: Full-time, Permanent
Pay: ₹18,000.00 - ₹25,000.00 per month
**Benefits**:
- Health insurance
- Provident Fund
Schedule:
- Day shift
Supplemental Pay:
- Yearly bonus
**Education**:
- Bachelor's (preferred)
**Experience**:
- total work: 2 years (preferred)
Shift availability:
- Day Shift (preferred)
Work Location: In person
Expected Start Date: 05/03/2025
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