
Purchase Executive
5 days ago
A Purchase Executive manages the procurement process, sourcing and acquiring goods and services for a company.
- They negotiate with suppliers, manage purchase orders, and ensure timely delivery of materials.
- Their role also involves maintaining accurate records, monitoring inventory, and analyzing market trends to identify cost-saving opportunities. Key Responsibilities:
- Sourcing and Supplier Management: Identifying potential suppliers, evaluating their capabilities, and negotiating favorable terms and contracts.
- Purchase Order Management: Creating, processing, and tracking purchase orders, ensuring accuracy and compliance with company policies.
- Inventory Management: Monitoring inventory levels, forecasting demand, and implementing strategies to optimize stock management and minimize costs.
- Cost Management: Identifying cost-saving opportunities through supplier negotiations, market research, and analysis of spending patterns.
- Relationship Management: Building and maintaining strong relationships with suppliers to foster collaboration and ensure reliable supply chains.
- Compliance: Ensuring all procurement activities comply with company policies, legal requirements, and ethical standards.
- Collaboration: Working with internal departments to understand their procurement needs and specifications.
- Record Keeping: Maintaining accurate records of purchases, pricing, supplier information, and other relevant data.
- Required Skills: Strong negotiation and communication skills.
- Excellent analytical and problem-solving abilities. Proficiency in using procurement software and tools.
- Knowledge of supply chain management principles and best practices. Ability to work independently and as part of a team.
- Attention to detail and accuracy. Understanding of contract law and negotiation principles. Experience in managing budgets and tracking expenses.
- Education and Experience: A bachelor's degree in supply chain management, business administration, or a related field is typically required.
- Several years of experience in a procurement or purchasing role is usually necessary.
- Specific industry experience may be required depending on the company and its products or services.
**Job Type**: Permanent
Pay: ₹9,374.46 - ₹31,913.13 per month
**Benefits**:
- Food provided
Work Location: In person
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Purchase Executive
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