
Procurement Executive
9 hours ago
**Job Title**: Supply Chain and Procurement Executive **Location**: Devanahalli **Department**: Supply Chain & Procurement **Reports To**: Supply Chain Manager/Procurement Manager
**Job Summary**:
The Supply Chain and Procurement Executive is responsible for managing the end-to-end procurement process, ensuring timely acquisition of raw materials, equipment, and services, while optimizing costs and ensuring seamless supply chain operations. This role plays a critical part in maintaining efficient production schedules and minimizing delays, ensuring supplier compliance, and contributing to the overall profitability and operational effectiveness of the manufacturing process.
**Key Responsibilities:1. Procurement Management**:
- Source, evaluate, and negotiate with suppliers for raw materials, equipment, and other goods required in the manufacturing process.
- Develop and maintain long-term relationships with key suppliers to ensure continuous supply at competitive prices.
- Analyze and evaluate vendor performance based on quality, price, and delivery speed.
- Create and process purchase orders (POs), ensuring adherence to company procurement policies.
- Ensure the timely delivery of goods and services to meet production schedules.
**2. Inventory Management**:
- Collaborate with warehouse and production teams to manage inventory levels, ensuring that stock is maintained at optimal levels.
- Monitor inventory levels and generate reports on material shortages, overstock, and procurement needs.
- Develop strategies for minimizing excess and obsolete inventory.
**3. Supply Chain Coordination**:
- Oversee the entire supply chain process, from procurement to logistics, ensuring efficient flow of materials and finished goods.
- Coordinate with internal teams, including production, quality control, and logistics, to align supply chain processes with production schedules.
- Ensure compliance with industry regulations and company standards in procurement and logistics operations.
**4. Cost Optimization**:
- Continuously seek opportunities to reduce procurement costs without compromising on quality.
- Analyze market trends and conditions to anticipate the impact on material pricing and availability.
- Implement cost-saving initiatives such as bulk purchasing or alternative sourcing strategies.
**5. Supplier Relationship Management**:
- Conduct regular supplier evaluations to ensure adherence to quality standards and delivery timelines.
- Negotiate contracts and agreements with suppliers, ensuring favorable terms for the company.
- Address any issues related to supplier performance, including delays, quality issues, or contract disputes.
**6. Risk Management**:
- Identify potential risks in the supply chain, including disruptions, shortages, and delays, and develop mitigation strategies.
- Maintain contingency plans to ensure continuous production in the event of supplier or logístical failures.
**7. Compliance and Documentation**:
- Ensure procurement practices comply with legal requirements, company policies, and industry standards.
- Maintain accurate records of all procurement activities, including purchase orders, supplier contracts, and material certifications.
**8. Reporting and Analysis**:
- Generate and analyze reports related to procurement costs, supplier performance, and inventory turnover.
- Provide insights and recommendations to management based on supply chain and procurement data.
**Qualifications and Skills**:
- Bachelor's degree in Supply Chain Management, Procurement, Business Administration, or a related field.
- 2-5 years of experience in supply chain, procurement, or related roles in a manufacturing environment.
- Strong negotiation skills and experience managing supplier relationships.
- Proficiency in ERP systems and procurement software (e.g., SAP, Oracle).
- Excellent analytical and problem-solving skills.
- Strong organizational and multitasking abilities.
- Good knowledge of supply chain and procurement best practices and industry trends.
**Key Performance Indicators (KPIs)**:
- On-time delivery rate from suppliers.
- Cost savings achieved through negotiation and sourcing strategies.
- Inventory turnover ratio.
- Supplier performance ratings.
- Procurement process cycle time.
**Soft Skills**:
- Strong communication and collaboration skills.
- Attention to detail and accuracy.
- Ability to work under pressure and meet deadlines.
- Adaptability to changing production needs and market conditions.
**Working Conditions**:
- Office-based with occasional travel to supplier sites or manufacturing plants.
**Job Types**: Full-time, Permanent
Pay: ₹400,000.00 - ₹610,201.87 per year
**Benefits**:
- Cell phone reimbursement
- Health insurance
- Internet reimbursement
- Leave encashment
- Life insurance
- Paid sick time
- Provident Fund
Schedule:
- Day shift
Supplemental Pay:
- Yearly bonus
**Experience**:
- total work: 2 years (required)
Work Location: In person
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