Purchase Executive

1 day ago

Thane, India ICONIC BUSINESS SOLUTION LLP Full time

**Designation **:Purchase Executive

**Job Location**: Factory / Plant (Bhiwandi)

**Domain**: Furniture / Interior / Architect

**Experience**: 3+ Years

**Key Responsibilities**:
1. Sourcing and Vendor Management:

- Identify potential suppliers and vendors based on quality, price, and delivery capabilities.
- Evaluate and select vendors through competitive bidding and negotiation processes.
- Maintain strong relationships with suppliers and manage vendor performance.

2. Purchase Order Processing:

- Generate purchase orders accurately and in a timely manner.
- Ensure adherence to procurement policies and procedures.
- Coordinate with internal stakeholders to confirm purchase requirements and specifications.

3. Price Negotiation and Cost Management:

- Negotiate favorable terms and pricing with suppliers to achieve cost savings.
- Monitor market trends and conduct price analysis to identify opportunities for cost reduction.
- Review and approve invoices and resolve discrepancies with suppliers.

4. Inventory Management:

- Monitor inventory levels and track stock movements.
- Coordinate with warehouse and logistics teams to ensure timely receipt and delivery of goods.
- Implement inventory control measures to minimize stockouts and excess inventory.

5. Quality Assurance:

- Ensure that purchased products and materials meet quality standards and specifications.
- Collaborate with quality control teams to resolve quality issues with suppliers.
- Conduct supplier audits and assessments to ensure compliance with quality requirements.

6. Documentation and Reporting:

- Maintain accurate records of purchase transactions, contracts, and agreements.
- Prepare and analyze procurement reports to track spending and performance metrics.
- Assist in the development of procurement policies, procedures, and guidelines.

7. Compliance and Risk Management:

- Ensure compliance with legal and regulatory requirements related to procurement activities.
- Identify and mitigate procurement risks, such as supply chain disruptions and supplier failures.
- Stay informed about industry best practices and emerging trends in procurement.

**Requirements and skills**:

- Bachelor’s degree in Business Administration, Supply Chain Management, or related field.
- Proven experience in procurement, purchasing, or supply chain management.
- Strong negotiation skills and ability to build relationships with suppliers

**Education**:

- Bachelor's (preferred)

Work Location: In person

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