Purchase Executive

**Key Responsibilities**:

- **Strategic Sourcing**:

- Develop and implement sourcing strategies to ensure the timely and cost-effective procurement of materials, tools, and equipment required for mining operations.
- Identify and evaluate potential suppliers and vendors, maintaining strong relationships and negotiating contracts to secure favorable terms and pricing.
- **Procurement Management**:

- Supervise the procurement team in issuing purchase orders, contracts, and agreements in compliance with company policies and procedures.
- Monitor procurement activities to ensure adherence to budgetary constraints and project timelines, resolving any issues or delays as necessary.
- **Supplier Relationship Management**:

- Foster and maintain strategic partnerships with key suppliers and vendors, conducting regular performance reviews and addressing any concerns or issues that may arise.
- Collaborate with suppliers to drive continuous improvement initiatives, such as cost reductions, quality enhancements, and process efficiencies.
- **Inventory Control and Management**:

- Oversee inventory levels and stock replenishment processes, working closely with warehouse and inventory teams to optimize stock levels and minimize carrying costs.
- Implement inventory control measures to prevent stockouts and excess inventory, ensuring the availability of materials and equipment as needed.
- **Contract Negotiation and Management**:

- Lead negotiations with suppliers to establish favorable terms and conditions, including pricing, delivery schedules, and payment terms.
- Review and manage supplier contracts and agreements, ensuring compliance with legal and regulatory requirements and mitigating any contractual risks.
- **Cost Analysis and Optimization**:

- Conduct cost analysis and market research to identify cost-saving opportunities and optimize procurement strategies.
- Develop and implement cost reduction initiatives while maintaining quality standards and meeting operational requirements.
- **Documentation and Reporting**:

- Maintain accurate records of procurement activities, including purchase orders, contracts, and supplier communications.
- Generate reports on procurement performance, spending analysis, and cost savings achievements, providing insights and recommendations to management.
- **Compliance and Risk Management**:

- Ensure compliance with company policies, procedures, and regulatory requirements in all procurement activities.
- Identify and mitigate potential risks related to procurement, such as supply chain disruptions, supplier dependencies, and regulatory compliance issues.

**Qualifications and Skills**:

- Bachelor’s degree in Business Administration/ BE in Mechanical
- Proven experience in procurement, preferably in the mining tools or heavy equipment industry or any other industrial products.
- Strong leadership and team management skills, with the ability to motivate and develop a high-performing procurement team.
- Excellent negotiation, communication, and interpersonal skills, with the ability to build and maintain relationships with internal stakeholders and external suppliers.
- In-depth knowledge of procurement best practices, supply chain management principles, and relevant regulations.

**Job Types**: Full-time, Permanent

Pay: ₹30,000.00 - ₹45,000.00 per month

**Benefits**:

- Leave encashment
- Provident Fund

Ability to commute/relocate:

- Majiwada, Thane, Maharashtra: Reliably commute or planning to relocate before starting work (preferred)

**Education**:

- Bachelor's (preferred)

**Language**:

- Hindi (preferred)

**Location**:

- Majiwada, Thane, Maharashtra (preferred)

Work Location: In person