Purchase Executive

4 days ago

Sanawadia Indore Madhya Pradesh, India Dwarka Castings & Engineering Pvt.Ltd. Full time

Job Summary: Purchase Executive

A **Purchase Executive** is responsible for managing the procurement process, ensuring that the organization obtains high-quality goods or services at competitive prices while maintaining strong vendor relationships. The role involves strategic planning, market research, vendor negotiations, and ensuring timely delivery to meet operational requirements.

Key Responsibilities:

- **Procurement Management**:

- Source and procure materials, products, or services as required by the organization.
- Identify and evaluate suppliers to secure the best deals in terms of quality, price, and delivery.
- **Vendor Relationship Management**:

- Build and maintain strong relationships with vendors and suppliers.
- Conduct regular performance evaluations of suppliers to ensure compliance with company standards.
- **Market Research & Analysis**:

- Conduct market analysis to stay updated on price trends, supply chain dynamics, and market conditions.
- Identify opportunities for cost savings without compromising on quality.
- **Negotiation & Contracts**:

- Negotiate terms and conditions with vendors to ensure favorable contracts.
- Draft and manage procurement agreements and contracts.
- **Inventory Coordination**:

- Collaborate with inventory and warehouse teams to ensure optimal stock levels.
- Monitor inventory to prevent shortages or overstocking.
- **Compliance & Documentation**:

- Ensure all procurement activities comply with organizational policies and legal standards.
- Maintain accurate records of purchases, invoices, and supplier contracts.
- **Cost Optimization**:

- Continuously seek ways to reduce procurement costs while maintaining quality standards.

Skills and Qualifications:

- Proven experience in procurement or a related role.
- Strong negotiation and analytical skills.
- Proficiency in procurement software and tools.
- Excellent communication and interpersonal skills.
- Ability to multitask and manage time effectively.

**Job Types**: Full-time, Permanent, Fresher, Internship
Contract length: 24 months

Pay: ₹14,000.00 - ₹18,000.00 per month

**Benefits**:

- Paid sick time
- Provident Fund

Schedule:

- Day shift

**Education**:

- Bachelor's (required)

**Experience**:

- Purchasing: 1 year (required)

Work Location: In person

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