Purchase Executive

2 weeks ago

Delhi Delhi, India S. R. Trading Company Full time

**Vendor Management**
- Identify and evaluate potential vendors and suppliers.
- Negotiate prices, terms, and conditions with suppliers.
- Maintain and update the approved vendor list.
- Cost-saving initiatives & negotiation
- New vendor development strategies (Sourcing, Quality approval, costing, etc.)
- Annual rate contracts
- Effective analysis for cost reduction & service improvement
- MIS Preparation
- Compliance monitoring for SOP as well as ISO requirement
- **Procurement**
- Source materials, equipment, and services as per company requirements.
- Prepare purchase orders and ensure timely approvals.
- Monitor stock levels and place orders to avoid shortages.
- **Cost Management**
- Ensure cost-effective procurement without compromising quality.
- Analyze market trends to identify opportunities for cost savings.
- Maintain procurement budgets and report any deviations.
- **Inventory Coordination**
- Work closely with the warehouse and inventory teams to manage stock.
- Track deliveries to ensure accurate and timely receipt of goods.
- Resolve any discrepancies related to inventory or deliveries.
- **Compliance and Documentation**
- Ensure all procurement activities adhere to company policies and standards.
- Maintain accurate records of purchase orders, invoices, and contracts.
- Handle audits and ensure compliance with regulatory requirements.
- **Supplier Relationship Management**
- Build and maintain strong relationships with suppliers for long-term partnerships.
- Address and resolve supplier issues or disputes.
- Conduct regular performance reviews of suppliers.
- **Reporting**
- Prepare and present reports on procurement activities, cost savings, and vendor performance.
- Provide periodic updates to management on procurement strategies & work to-do list of the day.
- **Process Improvement**
- Continuously evaluate and improve procurement processes.
- Identify opportunities for automation and efficiency in procurement activities.
- **Team Coordination**
- To meet procurement goals, collaborate with cross-functional teams, including production, finance, and quality assurance.
- **Market Research**

Stay updated on industry trends, market prices, and new Vendors, and assess the availability of alternate suppliers or materials for business continuity.

Role & responsibilities
- Purchase of all building materials.
- Maintain relationships between suppliers and contractors
- Review all purchase requisition/ Purchase orders
- Negotiation with suppliers - Responsible for Vendor Management
- Handling E-Procurement.
- Develop and implement new purchasing strategies
- Evaluate the quality and price of products
- Cost comparison of material pricing
- Data management through MIS, and Advanced Excel

Pay: ₹12,000.00 - ₹15,000.00 per month

**Benefits**:

- Health insurance
- Paid sick time

Schedule:

- Night shift

Supplemental Pay:

- Overtime pay

**Education**:

- Bachelor's (preferred)

**Experience**:

- total work: 1 year (preferred)

Work Location: In person

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