Purchase Executive

11 hours ago

Greater Noida, India Speedofer Components Pvt Ltd Full time

**Key Responsibilities**

**Sourcing & Vendor Management**:

- Identify, evaluate, and select reliable suppliers and vendors.
- Conduct supplier audits and performance reviews to ensure compliance with company standards.
- Develop and maintain strong, long-term relationships with key suppliers.
- Onboard new vendors and manage the vendor database.

**Procurement & Purchase Orders**:

- Process purchase requisitions and raise purchase orders (POs) accurately and in a timely manner.
- Execute purchasing strategies to secure the best deals for the company (e.g., bulk purchasing, long-term contracts).
- Ensure all POs are approved according to company authority matrix.

**Negotiation & Cost Control**:

- Negotiate pricing, payment terms, and contracts with suppliers to achieve significant cost savings.
- Monitor and control procurement budgets.

**Inventory & Supply Chain Coordination**:

- Collaborate with the warehouse and inventory teams to maintain optimal stock levels and avoid shortages or overstocking.
- Track orders and ensure on-time delivery of materials.
- Coordinate with internal departments (e.g., Production, Sales, Finance) to understand their material requirements.

**Quality Assurance & Compliance**:

- Inspect incoming goods to ensure they meet the specified quality standards and purchase order details.
- Resolve any issues with received orders, including quality discrepancies and delivery delays.
- Ensure all procurement activities adhere to company policies and legal regulations.
- Maintain accurate and organized records of purchases, pricing, and other key data.

**Required Skills and Qualifications**
- Bachelor’s degree in Business Administration, Supply Chain Management, Finance, or a related field.
- Proven experience of **[X]** years as a Purchase Executive, Procurement Officer, or in a similar role.
- Strong knowledge of procurement processes, strategic sourcing, and vendor management.
- Excellent negotiation, communication, and interpersonal skills.
- Proficient in MS Office (especially Excel) and experience with ERP software (e.g., SAP, Oracle).
- Solid analytical and problem-solving abilities.
- High level of integrity and attention to detail.
- Ability to work independently and as part of a team in a fast-paced environment.

**Preferred Qualifications**
- Professional certification (e.g., CIPS - Chartered Institute of Procurement & Supply) is a plus.
- Experience in the **[Your Industry, e.g., Manufacturing, IT, FMCG]** industry.
- Knowledge of import/export procedures and international sourcing.

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

Pay: ₹13,000.00 - ₹15,000.00 per month

Work Location: In person

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