Purchase Officer

4 hours ago

Peenya, Karnataka, India Inovit Fusion Technology Pvt Ltd Full time ₹ 1,50,000 - ₹ 3,00,000 per year

Procurement of Mechanical materials for Aerospace manufacturing industry with minimum experience of 1-5 years.

Duties and Responsibilities

  • Evaluating vendors, comparing their products, prices, and services
  • Negotiating contracts and agreements with suppliers to ensure the best terms
  • Maintaining and updating supplier information such as qualifications, delivery times, product ranges, etc.
  • Managing inventories and maintaining accurate purchase and pricing records
  • Monitoring stock levels and identifying purchasing needs
  • Researching and identifying prospective suppliers
  • Implementing and enforcing company procurement policies and procedures
  • Reviewing quality of purchased products and resolving any discrepancies
  • Working with team members and Procurement Manager to complete duties as needed
  • Develop, lead and execute purchasing strategies
  • Track and report key functional metrics to reduce expenses and improve effectiveness
  • Perform cost and scenario analysis, and benchmarking
  • Assess, manage and mitigate risks
  • Seek and partner with reliable vendors and suppliers
  • Determine quantity and timing of deliveries
  • Monitor and forecast upcoming levels of demand
  • Maintain records of purchases, pricing, and other important data
  • Review and analyze all vendors/suppliers, supply, and price options

Qualifications:

  • Proven work experience as a Purchasing Officer, Purchasing Agent or similar role
  • Good knowledge of vendor sourcing practices (researching, evaluating and liaising with vendors)
  • Understanding of supply chain procedures
  • Solid analytical skills, with the ability to create financial reports and conduct cost analyses
  • Negotiation skills

Education: Diploma (Mechanical) or equivalent

Job Type: Full-time

Pay: ₹20, ₹25,000.00 per month

Benefits:

  • Food provided
  • Health insurance
  • Provident Fund

Work Location: In person

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