Purchase Officer
2 days ago
**Key Performance Indicators (KPIs) for purchasing and inventory management**
- **Cost Savings**: This measures the reduction in spending as a result of purchasing strategies, such as negotiations or bulk buying.
- **Purchase Order Cycle Time**: The time taken from initiating a purchase order to the receipt of goods or services, indicating the efficiency of the purchasing process.
- **Supplier Performance**: Evaluates suppliers based on criteria such as delivery time, quality of goods, and compliance with contracts.
- **Spend Under Management**: The percentage of total spend that is actively managed by the purchasing team, highlighting the control over organizational expenses.
- **Compliance Rate**: Indicates the adherence to purchasing policies and procedures, reflecting the governance of the procurement process.
- **Inventory Turnover Ratio**: This measures how often inventory is sold and replaced over a period, indicating the efficiency of inventory management.
- **Stockout Rate**: The frequency of items being out of stock, providing insight into inventory planning and demand forecasting accuracy.
- **Carrying Cost of Inventory**: This includes all costs associated with holding inventory, such as storage, insurance, and depreciation, affecting overall profitability.
- **Order Accuracy**: Evaluates the percentage of orders fulfilled without errors, crucial for maintaining customer satisfaction and operational efficiency.
- **Lead Time**: The time required from placing an order to receiving stock, which impacts decision-making and inventory levels.
**Job Types**: Full-time, Permanent
Pay: ₹25,000.00 - ₹30,000.00 per month
Schedule:
- Day shift
Work Location: In person
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