Purchase Executive

1 day ago

Navi Mumbai, Maharashtra, India Pride Hotels Chennai Full time ₹ 2,40,000 - ₹ 3,60,000 per year
  • Job Summary:

The Purchase Executive will oversee the procurement process, from sourcing suppliers to negotiating contracts and managing inventory. The role requires strong negotiation skills, attention to detail, and the ability to manage multiple tasks efficiently.

Key Responsibilities:

  • Supplier Management:
  • Identify and evaluate potential suppliers based on quality, price, and delivery speed.
  • Develop and maintain relationships with key suppliers to ensure reliable sources of materials.
  • Conduct supplier audits and performance evaluations.
  • Procurement Process:
  • Prepare and process purchase orders and requisitions for materials, supplies, and equipment.
  • Review and analyze purchase requisitions to ensure compliance with company policies and budget constraints.
  • Negotiate prices, terms, and conditions with suppliers to secure the best deals.
  • Inventory Management:
  • Monitor inventory levels to ensure adequate supplies are available to meet production and operational needs.
  • Coordinate with warehouse staff to manage and track inventory.
  • Implement inventory control systems to minimize waste and reduce costs.
  • Cost Management:
  • Analyze market trends and pricing to identify cost-saving opportunities.
  • Develop and implement strategies to reduce procurement costs without compromising quality.
  • Monitor and report on procurement expenditures and savings.
  • Compliance and Documentation:
  • Ensure all procurement activities comply with company policies, legal requirements, and ethical standards.
  • Maintain accurate and up-to-date procurement records and documentation.
  • Assist in the preparation of reports and presentations for management.
  • Vendor Coordination:
  • Coordinate with vendors to ensure timely delivery of goods and services.
  • Resolve any issues or discrepancies related to orders, deliveries, or invoices.
  • Manage vendor contracts and agreements, ensuring all terms are met.
  • Collaboration and Communication:
  • Work closely with other departments, such as production, logistics, and finance, to understand their needs and ensure smooth procurement operations.
  • Provide regular updates to management on procurement status, challenges, and opportunities.
  • Participate in cross-functional teams and projects as needed.
  • Continuous Improvement:
  • Identify opportunities to improve procurement processes and systems.
  • Stay updated on industry trends, best practices, and new technologies in procurement.
  • Participate in professional development and training programs

Job Types: Full-time, Permanent

Pay: ₹20, ₹30,000.00 per month

Benefits:

  • Health insurance
  • Paid sick time

Education:

  • Bachelor's (Preferred)

Experience:

  • total work: 1 year (Preferred)

Willingness to travel:

  • 25% (Preferred)

Work Location: In person

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