Purchase Executive

7 days ago

Faridabad Haryana, India HR Creations Full time

**Purchase Executive**

**CTC Per Month**:INR 25,000 - 35,000

**Experience**:2-5yrs
- **Job Purpose**_
- To manage the procurement of raw materials, components, and Bought Out Parts (BOP) in a timely and cost-effective manner, ensuring uninterrupted production while maintaining quality and compliance standards.
- **Key Responsibilities**_
- Manage end-to-end purchase process including sourcing, vendor evaluation, negotiation, order placement, and follow-up.
- Identify and develop reliable suppliers for required components, materials, and services.Coordinate with production, quality, and stores departments to understand materialrequirements and specifications.
- Monitor vendor performance with respect to delivery timelines, quality, and pricing.
- Handle alternate sourcing in case of discontinued items, vendor delays, or quality issues.
- Prepare and issue Purchase Orders (POs) and maintain purchase records in ERPsystems.
- Negotiate cost reductions, payment terms, and delivery schedules with suppliers.
- Ensure compliance with company procurement policies and statutory requirements.
- Resolve supply disruptions quickly to avoid production downtime.
- Maintain updated records of supplier agreements, price lists, and contracts.
- Prepare periodic purchase reports for management review.Required Skills & Competencies
- Strong negotiation and communication skills.
- Knowledge of procurement processes, vendor management, and cost control.
- Proficiency in ERP systems, MS Excel, and purchase-related tools.Problem-solving ability in supply chain disruptions.
- Basic understanding of quality standards and specifications.
- **Qualifications & Experience**_
- Graduate in Commerce / Engineering / Supply Chain Management (Preferred: MBA in

Materials Management).
- 2-4 years of experience in purchase/procurement in manufacturing industry (automobile/engineering preferred).
- Experience in handling Bought Out Parts (BOP) and vendor coordination.Key Performance Indicators (KPIs)
- On-time procurement rate.
- Cost savings achieved through negotiations.
- Supplier performance ratings.
- Lead time reduction in sourcing.
- Reduction in material shortages and production stoppages.

Pay: ₹25,000.00 - ₹35,000.00 per month

Work Location: In person

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