Purchase Executive

2 weeks ago

Ameerpet Hyderabad Telangana, India Conquer Technologies Full time

**Supplier Management**:

- Identify and establish relationships with new suppliers.
- Maintain and manage existing supplier relationships.
- Evaluate supplier performance regularly and make necessary adjustments.
- **Procurement Process Management**:

- Oversee the procurement process from requisition to delivery.
- Ensure timely and accurate processing of purchase orders.
- Negotiate terms and prices with suppliers to secure the best deals.
- **Inventory Management**:

- Monitor inventory levels to ensure stock availability.
- Coordinate with the warehouse team to manage stock levels and reorder as necessary.
- Implement inventory control systems to minimize waste and reduce costs.
- **Cost Management**:

- Develop and implement cost-saving strategies.
- Conduct market research to stay updated on industry trends and pricing.
- Prepare cost analyses and reports for management review.
- **Quality Assurance**:

- Ensure that all purchased goods and services meet the required quality standards.
- Collaborate with the quality control team to address any issues related to supplier quality.
- Conduct supplier audits and evaluations to maintain high standards.
- **Contract Management**:

- Draft, review, and manage contracts with suppliers.
- Ensure compliance with terms and conditions of contracts.
- Renew or terminate contracts based on performance and company needs.
- **Documentation and Reporting**:

- Maintain accurate records of purchases, pricing, and supplier performance.
- Prepare regular reports on procurement activities, cost savings, and supplier performance.
- Ensure compliance with legal and company policies.
- **Cross-Functional Collaboration**:

- Work closely with other departments (e.g., finance, operations, and logistics) to ensure alignment of procurement activities with organizational goals.
- Participate in meetings to discuss procurement needs and strategies.
- **Market Analysis**:

- Conduct market research to identify potential new suppliers and products.
- Stay updated on market trends, changes in demand, and new technologies.
- **Risk Management**:

- Identify and mitigate risks related to procurement and supply chain disruptions.
- Develop contingency plans to manage supply chain risks.
- **Sustainability and Ethical Sourcing**:

- Promote and ensure ethical sourcing practices.
- Develop and implement sustainable procurement policies.

Skills and Qualifications
- Strong negotiation and communication skills.
- Excellent organizational and time-management abilities.
- Proficiency in procurement software and tools.
- Good understanding of supply chain management.
- Analytical and problem-solving skills.
- Knowledge of market research and data analysis.
- Bachelor’s degree in business administration, supply chain management, or a related field.
- Relevant certification (e.g., Certified Purchasing Professional (CPP)) is a plus.

**Benefits**:

- Health insurance
- Paid sick time
- Paid time off
- Provident Fund

Schedule:

- Day shift

Supplemental Pay:

- Performance bonus

**Education**:

- Bachelor's (preferred)

Work Location: In person

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