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Purchase Executive

3 weeks ago


Jaipur Rajasthan, India BMT Group Full time

A Purchase Executive manages the procurement process, sourcing goods and services, negotiating contracts, and ensuring timely delivery while optimizing costs. They play a crucial role in maintaining supplier relationships, monitoring market trends, and collaborating with internal teams. Here's a more detailed breakdown:Key Responsibilities:

- **Supplier Management**: Identifying, evaluating, and qualifying potential suppliers, maintaining relationships with existing vendors, and developing new partnerships.
- **Strategic Sourcing**: Conducting market research, analyzing market conditions, and identifying best-in-class suppliers.
- **Purchase Order Management**: Creating, reviewing, and processing purchase orders accurately and efficiently.
- **Cost Management**: Analyzing total cost of ownership and optimizing costs throughout the procurement process.
- **Quality Assurance**: Establishing quality standards and ensuring compliance with company policies.
- **Inventory Management**: Collaborating with planning teams to forecast demand and optimize inventory levels.
- **Cross-Functional Collaboration**: Working with finance, operations, engineering, and other departments.
- **Negotiation**: Negotiating favorable terms and agreements with suppliers.
- **Record Keeping**: Maintaining accurate records of purchases, pricing, and supplier information.
- **Compliance**: Ensuring compliance with company policies, legal requirements, and ethical standards.
- **Monitoring and Analysis**: Monitoring market trends, pricing, and product availability.

Essential Skills:

- **Negotiation**: Strong negotiation skills to secure favorable terms with suppliers.
- **Communication**: Excellent written and verbal communication skills for interacting with suppliers and internal teams.
- **Analytical**: Ability to analyze data, market trends, and supplier performance.
- **Organizational**: Strong organizational and planning skills to manage multiple tasks and deadlines.
- **Problem-Solving**: Ability to identify and resolve issues related to procurement, delivery, and supplier performance.
- **Technical**: Proficiency in relevant procurement software and systems.
- **Attention to Detail**: Ensuring accuracy in purchase orders, records, and other documentation.

Qualifications:

- Typically requires a bachelor's degree in supply chain management, business administration, or a related field.
- Experience in procurement or purchasing is generally required.
- Knowledge of procurement processes, supplier management, and contract negotiation is essential.

Pay: ₹22,000.00 - ₹25,000.00 per month

Work Location: In person