Procurement Executive

4 days ago

Vadodara Gujarat, India Catalysts HR Full time

_**Role & responsibilities**_

1. Procurement Planning:

- Develop and implement effective procurement strategies and procedures.
- Identify the company’s material and service requirements in collaboration with various departments.
- Forecast demand and ensure adequate stock levels are maintained.

2. Vendor Management:

- Source, evaluates, and select suppliers based on price, quality, service, and delivery capability.
- Build and maintain relationships with vendors, negotiate terms, and manage contracts.
- Conduct vendor assessments, including performance reviews and audits.

3. Negotiation and Contracting:

- Negotiate favorable terms, conditions, pricing, and delivery schedules with suppliers.
- Prepare and review purchase orders, contracts, and agreements to ensure compliance with company policies.
- Manage contract renewals, terminations, and disputes as required.

4. Inventory Management:

- Monitor stock levels and ensure proper storage and handling of materials.
- Coordinate with the warehouse team to manage inventory control, reorder points, and stock replenishment.
- Conduct periodic audits of stock levels to identify discrepancies or improvements.

5. Cost Control and Budgeting:

- Monitor procurement costs and ensure purchases align with the company’s budget and cost-saving objectives.
- Identify opportunities for cost reduction and implement savings initiatives.

6. Quality Assurance:

- Ensure all purchased goods and services meet the company’s quality standards and specifications.
- Address any quality or delivery issues in collaboration with suppliers and internal stakeholders.

7. Compliance:

- Ensure compliance with company policies, legal regulations, and industry standards related to procurement.
- Maintain accurate procurement documentation, including purchase orders, invoices, contracts, and supplier evaluations.

8. Reporting:

- Prepare regular reports on procurement activities, vendor performance, and cost-saving initiatives.
- Analyze purchasing trends and prepare detailed reports for management.

9. Cross-Department Collaboration:

- Work closely with finance, production, operations, and other departments to ensure smooth workflow and alignment of procurement activities with company goals.
- Collaborate with logistics and shipping departments to ensure timely delivery and transportation of goods.

Keywords Self-Driven and Aggressive, dynamic, Computer Excel Word Power point, Social, good communication skills etc

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

Pay: ₹100,000.00 - ₹400,000.00 per year

**Benefits**:

- Health insurance
- Provident Fund

Schedule:

- Day shift
- Monday to Friday

Supplemental Pay:

- Yearly bonus

Work Location: In person

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