Purchase Executive

1 week ago

Vikhroli Mumbai Maharashtra, India Opt4Solution Private Limited Full time

Procurement Strategy
- Develop and execute procurement strategies aligned with objectives, considering cost, quality, supplier performance, and risk.
- Knowledge of all building work materials related with different brands, rates, quality & availability especially in, RMC, Steel, Flooring Material, Plumbing Material, Finishing Material Block work, Fire Fighting, Electrical Material, Waterproofing & Chemical, Etc.
- Formulating and implementing the procurement strategy by developing/ modifying strategy for purchase and establishing methods to achieve project targets.
- Budgeting and planning the funds for procurement and sourcing of materials ensuring optimum utilization of materials, maximum cost savings & meeting anticipatory orders for monthly operations.
- Collaborate with key stakeholders to understand procurement needs and priorities.
- Evaluate and identify cost-saving opportunities while maintaining quality standards.

Supplier Management
- Assessing the performance of the vendors based on various criterions such as percentage for rejections, quality improvement rate, timely delivery, credit terms, etc, purchase of materials, quality verification.
- Identify, evaluate, and maintain relationships with suppliers and vendors.
- Supplier evaluation and management, projection of material supply site wise.
- Lead supplier negotiations for favourable terms and pricing. Optimize value through contract negotiations
- Preparing Purchase Order, Overseeing follow-up with vendors for timely deliveries, and quality checks, billing & ensuring timely payments.

Procurement Processes
- Oversee the end-to-end procurement process, from requisition delivery
- payment closure
- Implement and enhance procurement policies and procedures to ensure efficiency and compliance.
- Monitor and analyze procurement data to identify trends, opportunities for improvement, and areas of cost reduction.

Inventory Management
- Managing operations ensuring optimum inventory levels to achieve maximum cost savings without hampering the operations
- Preparing MIS reports, Work orders of inward/ outward logistics with a view to appraise top management and users of the routine inventory management activities
- Monitoring incoming materials supplied by vendors, checking product costing, Inventory recording and ensuring they are as per quality & quantity specifications.
- Understanding of interiors of residential apartments

Compliance
- Ensure compliance with relevant laws, regulations, and company policies.
- Maintain documentation related to procurement activities.

Coordination
- Demonstrates self-confidence, energy and enthusiasm.
- Manages group or interpersonal conflict.
- Informs and/or updates the executives, the peers and the subordinates on relevant information in a timely manner.
- Manages time and possesses organizational skills.
- Presents ideas, expectations and information in a concise, organized manner.
- Uses problem solving methodology for decision making and follow up.
- Makes calls if necessary

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

**Education**:

- Bachelor's (required)

**Experience**:

- Real Estate Industry: 2 years (preferred)
- Purchasing: 2 years (preferred)
- Procurement, Compliance, Budgeting: 2 years (preferred)

Work Location: In person

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