Purchase Executive

1 day ago

Greater Noida, Uttar Pradesh, India Speedofer Components Pvt Ltd Full time ₹ 1,50,000 - ₹ 1,80,000 per year

We are seeking a highly motivated and detail-oriented Purchase Executive to manage our company's procurement activities. The ideal candidate will be responsible for sourcing goods and services, negotiating with suppliers, and ensuring cost-effectiveness while maintaining the highest quality standards. You will play a key role in ensuring a smooth and efficient supply chain, directly contributing to our operational success.

Key Responsibilities

Sourcing & Vendor Management:

  • Identify, evaluate, and select reliable suppliers and vendors.
  • Conduct supplier audits and performance reviews to ensure compliance with company standards.
  • Develop and maintain strong, long-term relationships with key suppliers.
  • Onboard new vendors and manage the vendor database.

Procurement & Purchase Orders:

  • Process purchase requisitions and raise purchase orders (POs) accurately and in a timely manner.
  • Execute purchasing strategies to secure the best deals for the company (e.g., bulk purchasing, long-term contracts).
  • Ensure all POs are approved according to company authority matrix.

Negotiation & Cost Control:

  • Negotiate pricing, payment terms, and contracts with suppliers to achieve significant cost savings.
  • Analyze market trends and apply cost-reduction strategies without compromising on quality.
  • Monitor and control procurement budgets.

Inventory & Supply Chain Coordination:

  • Collaborate with the warehouse and inventory teams to maintain optimal stock levels and avoid shortages or overstocking.
  • Track orders and ensure on-time delivery of materials.
  • Coordinate with internal departments (e.g., Production, Sales, Finance) to understand their material requirements.

Quality Assurance & Compliance:

  • Inspect incoming goods to ensure they meet the specified quality standards and purchase order details.
  • Resolve any issues with received orders, including quality discrepancies and delivery delays.
  • Ensure all procurement activities adhere to company policies and legal regulations.
  • Maintain accurate and organized records of purchases, pricing, and other key data.

Required Skills and Qualifications

  • Bachelor's degree in Business Administration, Supply Chain Management, Finance, or a related field.
  • Proven experience of [X] years as a Purchase Executive, Procurement Officer, or in a similar role.
  • Strong knowledge of procurement processes, strategic sourcing, and vendor management.
  • Excellent negotiation, communication, and interpersonal skills.
  • Proficient in MS Office (especially Excel) and experience with ERP software (e.g., SAP, Oracle).
  • Solid analytical and problem-solving abilities.
  • High level of integrity and attention to detail.
  • Ability to work independently and as part of a team in a fast-paced environment.

Preferred Qualifications

  • Professional certification (e.g., CIPS - Chartered Institute of Procurement & Supply) is a plus.
  • Experience in the [Your Industry, e.g., Manufacturing, IT, FMCG] industry.
  • Knowledge of import/export procedures and international sourcing.

Job Types: Full-time, Permanent

Pay: ₹13, ₹15,000.00 per month

Work Location: In person

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