Purchase Executive
2 weeks ago
**Job Purpose**:
To lead and manage the procurement function for raw materials, components, and services required in transformer manufacturing, ensuring cost-effectiveness, quality, and timely availability.
**Key Responsibilities**:
- **Strategic Procurement**:
- Develop and implement sourcing strategies for critical transformer materials like CRGO, copper, transformer oil, bushings, insulators, radiators, tanks, core materials, and hardware.
- Identify and onboard reliable vendors/suppliers with strong quality and compliance track record.
- **Vendor Management**:
- Negotiate contracts, payment terms, and delivery schedules with suppliers.
- Evaluate vendor performance based on quality, cost, and delivery.
- Maintain long-term relationships with strategic suppliers.
- **Cost & Budget Control**:
- Ensure cost optimization through effective negotiations and alternate sourcing.
- Monitor purchase budgets and contribute to cost-saving initiatives.
- **Operational Procurement**:
- Release purchase orders, track delivery timelines, and coordinate with production & stores for material requirements.
- Ensure timely availability of raw materials and bought-out items to avoid production delays.
- **Compliance & Documentation**:
- Ensure compliance with company policies, statutory regulations, and quality standards (ISO, BIS, etc.).
- Maintain accurate procurement records, purchase order files, and vendor documents.
- **Cross-functional Coordination**:
- Collaborate with Design, Production, Quality, and Finance teams for smooth execution of projects.
- Support new product development (NPD) by sourcing new components/materials.
- **Market Intelligence**:
- Track market trends, raw material price fluctuations, and competitor sourcing strategies.
- Explore opportunities for imports/exports and global sourcing.
**Key Skills & Competencies**:
- Strong knowledge of transformer industry materials and components.
- Expertise in strategic sourcing, vendor negotiations, and cost reduction.
- Proficiency in ERP systems (SAP / Oracle / Tally or similar).
- Excellent communication, analytical, and leadership skills.
- Strong understanding of commercial terms, contracts, and logistics.
**Qualifications & Experience**:
- Bachelor’s Degree in Electrical / Mechanical Engineering or Supply Chain Management (preferred).
- MBA/PGDM in Supply Chain or Materials Management is an advantage.
- **2-4 years of experience** in procurement within the transformer or heavy electrical equipment industry.
- Proven track record of handling large-volume purchases and vendor development.
place diversity.
Pay: ₹30,000.00 - ₹50,000.00 per month
**Benefits**:
- Provident Fund
Willingness to travel:
- 75% (preferred)
Work Location: In person
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