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Purchase Executive
2 weeks ago
Job Purpose:
To ensure efficient, cost-effective, and timely procurement of construction-related materials and
services for the organization, while maintaining quality standards and aligning with project deadlines.
Key Responsibilities:
1. Supplier & Vendor Management:
- Identify, evaluate, and select reliable suppliers of construction materials, equipment, and
services.
- Maintain healthy and professional relationships with existing vendors and explore new
sourcing opportunities.
- Conduct vendor audits and performance evaluations on a regular basis.
2. Cost Optimization & Negotiation:
- Execute cost-saving initiatives through bulk purchasing, alternative sourcing, and strategic
negotiation.
- Ensure favorable terms and pricing while adhering to budget constraints.
- Monitor procurement expenditures and identify trends for savings.
3. Inventory & Timely Procurement:
- Maintain optimal inventory levels to support ongoing and upcoming projects.
- Ensure timely procurement aligned with project timelines and production schedules.
- Avoid stock-outs and reduce excess inventory holding.
4. Quality Assurance:
- Ensure procured materials meet internal quality benchmarks.
- Coordinate with vendors to resolve material quality concerns efficiently.
5. Documentation & Contract Management:
- Prepare purchase orders, agreements, and maintain records of purchases, pricing, and
delivery.
- Draft and manage supplier contracts with clearly defined terms and conditions.
6. Market Research & Cost Analysis:
- Stay informed about market trends, raw material pricing, and industry developments.
- Conduct detailed cost-benefit analyses for procurement decisions.
7. Risk & Compliance:
- Identify risks such as supply disruptions, price volatility, and vendor non-performance.
- Ensure compliance with company policies, legal norms, and procurement standards.
8. Reporting & Process Improvement:
- Prepare and present reports on procurement performance, cost analysis, and vendor
efficiency.
- Continuously identify opportunities to improve procurement processes and systems.
9. Sustainability Initiatives:
- Explore and implement sustainable and eco-friendly sourcing practices wherever feasible.
- Educational Qualification: B.E. (Civil) or a degree relevant to the real estate industry.
- Experience: Minimum 2-3 years of hands-on experience as a Purchase Executive, specifically
in the real estate or construction sector.
- Procurement Background: Must have a solid understanding of purchase operations and
vendor dealings in real estate or related fields.
- Analytical Capability: Ability to conduct multidimensional analysis for better decision-making.
- Software Knowledge: Familiarity with procurement or ERP software tools.
- Communication: Excellent written and verbal communication skills.
- Personality: Confident and capable of independently handling negotiations and dealing with
external agencies.
**Job Types**: Full-time, Permanent
Pay: ₹25,000.00 - ₹40,000.00 per month
**Benefits**:
- Health insurance
Work Location: In person