
Purchase Executive
3 days ago
The Purchase Executive is responsible for sourcing and procuring materials, equipment, and services at the best possible prices while ensuring quality and timely delivery. This role involves vendor management, negotiation, and maintaining accurate procurement records.
**Key Responsibilities: Procurement & Sourcing**:
- Identify and evaluate potential suppliers and vendors.
- Obtain and compare price quotations from different vendors.
- Negotiate contracts, terms, and conditions to ensure cost-effectiveness.
- Raise purchase orders and ensure timely approvals.
**Vendor Management**:
- Build and maintain relationships with suppliers for long-term partnerships.
- Monitor supplier performance based on price, quality, and delivery timelines.
- Resolve vendor issues related to pricing, delays, and product quality.
**Inventory & Cost Control**:
- Coordinate with warehouse and production teams to manage stock levels.
- Optimize inventory management to avoid shortages or excess stock.
- Identify opportunities for cost savings and process improvements.
**Compliance & Documentation**:
- Ensure procurement activities comply with company policies and industry regulations.
- Maintain records of purchases, pricing, and vendor details.
- Prepare reports on procurement activities, costs, and supplier performance.
**Required Skills & Qualifications**:
- Bachelor’s degree in Business Administration, Supply Chain Management, or a related field.
- 1-3 years of experience in procurement or supply chain management.
- Strong negotiation and communication skills.
- Knowledge of ERP systems and procurement software is a plus.
- Analytical mindset with attention to detail.
- Ability to multitask and work under tight deadlines.
Pay: ₹20,000.00 - ₹25,000.00 per month
**Benefits**:
- Leave encashment
- Provident Fund
Schedule:
- Day shift
Supplemental Pay:
- Yearly bonus
**Education**:
- Master's (preferred)
**Experience**:
- total work: 2 years (preferred)
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