
Purchase Officer
2 days ago
Position Name :Purchase Officer
Job Description - A good comms skills candidate with minimum 3 years Raw material sourcing exp , Import exp , Letter of Credit (LC) experience.
Job Responsibility – Sourcing, Purchase
Strategic Planning (RM Purchase) of A class Items (Caprolactam / N6 Chips / PET Chips / N6 Yarn / PET Yarn / N-66 Yarn) on a daily, monthly, and quarterly basis.
Order Management:
- Ensures placement of orders (A-Class Items), Establishing Letter of Credit (LC), and Shipments as per our plan.
- Follow up with suppliers for on-time dispatches.
Price Monitoring:
- Updating and monitoring prices of A-class items for negotiation and finalizing orders.
- Coordination with unit MLT (Four plants) and resolving issues related to Shipping Documents, Payment advices, and Sanction notes.
Reporting:
- Business sourcing monthly reports updation. PPT and Excel files.
- Analysis of Import Data - Caprolactam / N6 Yarn / N6 Chips every month.
- PBCS activity during Budget Session.
Sales Order Management:
Sales order punching for all customers in a newly designed application to avoid manual errors.
Coordination:
Coordination with Transporters for new contracts, Security Deposits, and Bank Guarantee.
Raw Material Delivery:
Ensures delivery of Raw Material in proper time by following up orders from Suppliers.
Inspection and Verification:
- Inspection of incoming materials by verifying minimum specification requirements, such as Certificate of Analysis and Quality Certificate, etc.
- Verification of invoices with Technical Fibre reports.
Shipment Monitoring:
Daily monitoring of shipments to prevent delays and production losses at the factory level.
Negotiation and Coordination:
Negotiation, supplier reliability, cross-functional coordination with unit MLT, Finance, PPC, SSC, and other stakeholders of TTB.
Inventory and Sourcing:
- Inventory control, strategic sourcing & vendor development.
- Cost optimization & supplier negotiation.
- Demand forecasting & forward planning.
- Risk management, sustainability, and ethical sourcing.
Import Procurement:
Import procurement including documentation (LC, BOE), customs clearance, and coordination with freight forwarders and CHA.
Cross-Functional Coordination:
Cross-functional coordination (Production, QA/QC, Finance).
Regulatory Compliance:
Regulatory Compliance (ISO, REACH, SEZ).
Audit Execution:
Internal & external audits were executed for all A-class raw material.
Procurement Management:
Executed end-to-end Procurement of Raw Materials valued at Rs. 100 crore monthly, ensuring cost optimization, supplier reliability, and continuous supply for uninterrupted production for multiple manufacturing units.
Decision Making:
Decision-making skills & expertise in the Procurement process.
Freight Finalization:
Finalizing ocean freight forwarders for sea shipments in case of FOB terms.
Supplier Monitoring:
Monitoring supplier performance on quality, delivery, and compliance.
Inventory Reduction:
Reduced inventory holding by 13 days, improving working capital turnover.
Procurement Scale:
Handled procurement of 7000 MT worth Rs100+ Cr/month with zero stock-outs.
Market Knowledge:
Leveraged up-to-date market knowledge for successful purchase decisions, impacting the bottom line positively.
Vendor Development:
Developed alternate vendors, reducing dependency on single-source suppliers.
Location: Gurgaon
Job Types: Full-time, Permanent
Application Question(s):
- How Many years of Experience you have in to Purchase?
- Do you have experience of purchase of raw material?
- Do you have experience of Letter of credit?
- Your Current location?
Work Location: In person
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