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Purchase Executive

2 weeks ago

Bengaluru Karnataka, India First Career Full time

Sourcing Suppliers: Identify potential suppliers through market research, referrals, and networking. Evaluate suppliers based on quality, price, and reliability to ensure the best value for the organization.
- Negotiating Contracts: Negotiate terms and conditions with suppliers to secure favorable pricing, payment terms, and delivery schedules. Ensure that contracts comply with legal requirements and organizational policies.
- Managing Purchase Orders: Process purchase requisitions and create purchase orders accurately and efficiently. Monitor the status of orders and coordinate with suppliers to resolve any issues or delays.
- Vendor Management: Build and maintain strong relationships with suppliers to facilitate effective communication and collaboration. Address any supplier performance issues and work towards continuous improvement.
- Inventory Management: Coordinate with the inventory team to maintain optimal stock levels while minimizing excess inventory and stockouts. Monitor inventory turnover and identify opportunities for cost savings.
- Cost Optimization: Continuously evaluate purchasing processes and identify opportunities to reduce costs without compromising quality or service levels. Implement cost-saving initiatives and track savings achieved.
- Compliance and Documentation: Ensure compliance with procurement policies, procedures, and regulations. Maintain accurate records of purchases, contracts, and supplier information for audit purposes.
- Risk Management: Assess and mitigate risks associated with procurement activities, such as supply chain disruptions, quality issues, and compliance breaches. Develop contingency plans to minimize the impact of potential risks.

Pay: ₹12,000.00 - ₹15,000.00 per month

**Benefits**:

- Health insurance
- Life insurance
- Provident Fund

Schedule:

- Day shift

**Education**:

- Bachelor's (preferred)

**Experience**:

- total work: 1 year (required)

Work Location: In person