Purchase Officer

5 days ago

Vadodara, Gujarat, India Riddhi Siddhi Career Point Full time ₹ 1,04,000 - ₹ 1,30,878 per year

Skills & Experience
:

  • Proven experience as a Purchase Manager or in a similar role in Electronics Production or R&D sector only.

  • Knowledge of Tally will be an added advantage

  • Experience in Stores Management will be another advantage.

  • Strong analytical and problem-solving abilities.

  • Ability to work under pressure and manage multiple priorities.

**Key Duties & Responsibilities:

Procurement Strategy:**
- Develop and implement effective procurement strategies to ensure timely acquisition of high-quality materials and components.

  • Identify and evaluate potential suppliers, negotiate contracts, and establish strong supplier relationships.

  • Have in-depth experience in having procured niche hard to find Electronic components and associated material.

  • Have significant knowledge in sources for supply within the country and abroad to provide seamless support to the urgent needs of the project teams and the production department.

Supplier Management:
- Maintain a Database of qualified suppliers and continuously monitor their performance.

  • Conduct regular supplier audits to ensure compliance with quality standards and delivery schedules.

  • Constantly be on the lookout for more and more suppliers who will meet with the growing and urgent demands of the organization

Inventory Management:
- Monitor inventory levels and coordinate with the Production and R&D teams to forecast demand.

  • Ensure optimal inventory levels to avoid shortages or excess stock.

Cost Management:
- Negotiate pricing, terms, and conditions with suppliers to achieve cost savings while maintaining quality standards.

  • Monitor market trends and adjust procurement strategies to capitalize on cost-saving opportunities.

Compliance and Documentation:
- Ensure all procurement activities comply with company policies, industry regulations and the aerospace standards for which this company is certified for.

  • Maintain accurate records of purchases, contracts, and supplier performance.

Collaboration:
- Work closely with the R&D and production teams to understand project requirements and timelines.

  • Collaborate with finance and logistics teams to ensure smooth procurement and delivery processes.

Continuous Improvement:

  • Implement process improvements to enhance procurement efficiency and effectiveness.

  • Stay updated with industry trends and best practices to drive innovation in procurement processes.

Other Skills:
- Strong knowledge of Electronic components, materials and sources for Purchase.

  • Excellent negotiation, communication, and interpersonal skills.

  • Certification in Supply Chain Management (e.g., CPSM, CPIM).

  • Experience with International Procurement and Logistics.

  • Knowledge of industry-specific regulations and standards.

  • Knowledge and in-depth experience of Aerospace and Military standards

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