Purchase Executive

5 days ago

Chennai, India Nibav Lifts Pvt. Ltd. Full time

As a Purchase Executive, your primary responsibility will be to ensure the timely and cost-effective procurement of goods and services for the organization. You will play a crucial role in managing the purchasing process, negotiating with suppliers, and maintaining good relationships with vendors. Your attention to detail and ability to analyze market trends and pricing will contribute to the overall efficiency and profitability of the organization.

**Responsibilities**:

- Procurement Planning: Collaborate with relevant departments to understand their purchasing requirements and develop procurement plans accordingly. Determine the quantity, quality, and specifications of goods and services needed.
- Vendor Selection and Management: Identify potential suppliers and evaluate them based on price, quality, reliability, and delivery speed. Negotiate contracts, terms, and conditions with vendors. Establish and maintain positive relationships with suppliers, resolving any issues or disputes that may arise.
- Purchase Order Processing: Create and process purchase orders in accordance with organizational policies and procedures. Ensure accuracy in order details, quantities, delivery dates, and pricing. Monitor the status of orders and follow up with suppliers to ensure timely delivery.
- Cost Analysis: Conduct cost analysis and price comparisons to identify cost-effective purchasing opportunities. Continuously evaluate supplier performance to maximize cost savings without compromising quality.
- Inventory Management: Coordinate with the inventory team to maintain appropriate stock levels and avoid shortages or excesses. Regularly monitor inventory levels, identify slow-moving or obsolete items, and take necessary actions to optimize inventory turnover.
- Market Research: Stay updated on market trends, new products, and pricing fluctuations. Conduct research and gather information on potential suppliers, industry best practices, and emerging technologies to improve purchasing strategies.
- Compliance and Documentation: Ensure compliance with legal and organizational policies in all purchasing activities. Maintain accurate records of purchase orders, contracts, and vendor agreements. Prepare reports on purchasing activities, supplier performance, and cost savings.
- Continuous Improvement: Identify opportunities for process improvements and implement streamlined purchasing procedures. Collaborate with cross-functional teams to optimize procurement processes, reduce costs, and enhance overall efficiency.

**Job Type**: Regular / Permanent

**Salary**: ₹22,000.00 - ₹30,000.00 per month

**Benefits**:

- Food provided
- Life insurance
- Provident Fund

Schedule:

- Day shift
- Fixed shift
- Morning shift
- Night shift
- Rotational shift

Supplemental pay types:

- Performance bonus

Ability to commute/relocate:

- Palavakkam, Chennai - 600041, Tamil Nadu: Reliably commute or planning to relocate before starting work (required)

**Education**:

- Diploma (preferred)

**Speak with the employer**
+91 8925804732

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