Purchase Executive

1 day ago

Perungudi Chennai Tamil Nadu, India Lubdub Medical Technologies Pvt Ltd Full time

A Purchase Executive is responsible for sourcing, acquiring, and managing goods and services for an organization, ensuring timely delivery, quality, and favorable pricing. This role involves identifying suppliers, negotiating contracts, and managing the procurement process to meet the organization's needs. Here's a more detailed breakdown of the key responsibilities:1. Sourcing and Supplier Management:

- **Identifying and evaluating potential suppliers**:Assessing suppliers based on price, quality, delivery time, and reliability.
- **Negotiating contracts and terms**:Working with suppliers to secure favorable pricing, payment terms, and delivery schedules.
- **Building and maintaining supplier relationships**:Fostering strong relationships with key suppliers to ensure long-term partnerships.

2. Procurement Process:

- **Understanding internal needs**: Collaborating with internal departments to understand their procurement needs.
- **Generating and issuing purchase orders**: Preparing and submitting purchase orders with accurate specifications.
- **Tracking and expediting orders**: Monitoring order progress and following up with suppliers to ensure timely delivery.

3. Financial and Record Management:

- **Analyzing market trends and pricing**: Staying informed about current market conditions and pricing trends to negotiate effectively.
- **Maintaining accurate records**: Keeping detailed records of purchases, pricing, and supplier information.
- **Preparing purchase order reports**: Generating reports to track purchasing activities and identify areas for improvement.

4. Quality and Compliance:

- **Ensuring compliance with company policies**: Adhering to company procurement policies and procedures.
- **Resolving issues and disputes**: Addressing any issues or disputes that may arise with suppliers.
- **Handling deliveries and inspections**: Ensuring that goods are delivered on time and meet quality standards.

5. Collaboration and Communication:

- **Collaborating with internal departments**: Working with cross-functional teams to forecast demand and plan procurement activities.
- **Communicating effectively with suppliers**: Maintaining clear and consistent communication with suppliers.

6. Other Responsibilities:

- **Monitoring and maintaining inventory levels**: Optimizing inventory levels to minimize costs and stockouts.
- **Staying informed about industry trends and regulations**:

- **CONTACT-7299957812**

Pay: ₹20,000.00 - ₹25,000.00 per month

Schedule:

- Morning shift

Supplemental Pay:

- Performance bonus

Work Location: In person

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