Procurement Executive
21 hours ago
**Job Title**:
**Procurement & Vendor Development Executive**
To identify, evaluate, and onboard new vendors/manufacturers. The role requires proactive sourcing, negotiation, vendor relationship management, and procurement planning.
**Key Responsibilities**:Vendor Development**:
- Identify and qualify **new manufacturers/vendors** for required products
- Assess supplier capabilities (quality, capacity, pricing, certifications)
- Maintain and expand a database of reliable and cost-effective suppliers
- Conduct factory visits or audits as needed (physically or virtually)
**Procurement & Negotiation**:
- Procure goods from manufacturers at **best possible prices** and payment terms
- Negotiate MOQs, lead times, credit terms, and delivery schedules
- Ensure timely purchase based on client demand / order pipeline
- Prepare and track **purchase orders (POs)** and manage order lifecycle
**Domestic & International Sourcing**:
- Source goods from **India and international markets** (e.g., China, SE Asia)
- Handle import-related coordination: PI, documentation, logistics (if needed)
- Ensure compliance with applicable import/export procedures
**Coordination & Delivery Management**:
- Coordinate with logistics / warehouse for timely material movement
- Follow up with vendors for dispatches, delays, or issues
- Resolve quality or documentation disputes with suppliers
**Reporting & Documentation**:
- Maintain vendor records, price lists, purchase data
- Submit regular reports on sourcing progress, vendor pipeline, procurement cost
- Ensure all procurement complies with company policy and ethical standards
**KPIs (Performance Metrics)**:
- Number of new vendors developed per quarter
- Procurement cost savings achieved
- On-time procurement ratio
- Supplier reliability score (quality, delivery, responsiveness)
- Vendor diversification (avoiding single source dependency)
Salary Range : 10,000 to 25,000
Experience: 1 to 5 Year
Work Location: In person
Pay: ₹10,000.00 - ₹25,000.00 per month
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