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Procurement Executive
2 weeks ago
A Procurement Executive manages the acquisition of goods, materials, and services for an organization by developing strategies, sourcing suppliers, negotiating contracts, and monitoring performance to ensure cost-effectiveness and quality. Their core responsibilities include maintaining strong supplier relationships, analyzing market trends, managing inventory, ensuring compliance with policies and regulations, and collaborating with internal departments to meet business objectives.
- This role requires strong analytical, negotiation, and communication skills, along with proficiency in procurement software and knowledge of supply chain management principles.
- Key Responsibilities
- Strategy & Planning: Developing and implementing procurement strategies that align with the organization's overall goals.
- Supplier Management: Identifying, evaluating, and selecting new suppliers, as well as managing and maintaining relationships with existing vendors.
- Negotiation & Contracts: Negotiating contract terms, prices, and conditions with suppliers to secure the best value for the company.
- Cost & Quality Control: Monitoring and analyzing the cost and quality of procured items and implementing cost-saving measures without compromising quality. Market Analysis: Tracking and analyzing market trends, pricing, and supplier performance to anticipate future needs.
- Inventory Management: Coordinating with suppliers to maintain optimal inventory levels and ensure timely delivery of goods.
- Compliance & Documentation: Ensuring all procurement activities comply with company policies and relevant regulations, and maintaining accurate purchase records.
- Collaboration: Working with other departments, such as sales and finance, to understand their procurement needs and ensure smooth operations.
- Reporting: Preparing reports and presentations on procurement activities and performance for senior management.
- Required Skills & Qualifications Education: A Bachelor's degree in business, supply chain management, or a related field is typically required. Experience: Proven experience in procurement or purchasing roles.
- Analytical Skills: Strong ability to analyze data, market trends, and supplier performance.
- Negotiation Skills: Excellent negotiation skills to secure favorable terms and prices with vendors.
- Communication & Interpersonal Skills: Strong abilities to build and maintain relationships with internal teams and external suppliers.
- Technical Proficiency: Proficiency with Enterprise Resource Planning (ERP) and procurement software.
- Industry Knowledge: A solid understanding of supply chain management principles and practices.
Pay: ₹8,737.80 - ₹30,617.18 per month
**Benefits**:
- Food provided
Work Location: In person
