Purchase Executive

5 days ago

Bengaluru, Karnataka, India Encapscifi Lifesciences Full time ₹ 9,00,000 - ₹ 12,00,000 per year

Roles And Responsibilities:

A purchase department executive sources and negotiates with suppliers for the best value, manages purchase orders, tracks deliveries, and monitors inventory to meet company needs.

Key Responsibilities:

  • Supplier Management: Researching, evaluating, and selecting reliable suppliers and negotiating favorable contracts and pricing.
  • Procurement Planning: Forecasting demand, monitoring inventory levels, and placing purchase orders to ensure timely restocking of supplies.
  • Cost Control: Analyzing market trends, comparing supplier quotes, and identifying opportunities to reduce procurement costs and optimize spending.
  • Order and Delivery Management: Tracking orders, ensuring timely delivery of goods, and resolving any issues that arise with vendors.
  • Record Keeping: Maintaining accurate records of purchases, vendor information, invoices, and other procurement-related data.
  • Internal Collaboration: Liaising with other departments to understand their procurement needs and specifications.
  • Relationship Building: Cultivating and maintaining strong relationships with key suppliers to ensure smooth operations.
  • Compliance: Adhering to company policies, procurement procedures, and relevant industry regulations.

Required Skills

  • Negotiation Skills: To secure the best terms and prices from suppliers.
  • Analytical Skills: For cost analysis, market trend research, and financial reporting.
  • Communication Skills: To interact effectively with internal teams and external suppliers.
  • Organizational Skills: For managing multiple tasks, tracking orders, and maintaining records.
  • Knowledge of Procurement Software: Experience with purchasing and inventory management systems is often required.
  • Supply Chain Understanding: A solid grasp of supply chain procedures and logistics is beneficial

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