Purchase Executive

Job Title

Purchase Executive

Job Summary

The Purchase Executive is responsible for managing the procurement of goods and services required by the organization. This role involves sourcing suppliers, negotiating terms, placing purchase orders, coordinating with internal teams, and ensuring timely delivery — all while optimizing cost and maintaining quality.

Key Responsibilities

• Supplier Management & Sourcing
• Identify, evaluate and onboard new suppliers/vendors. Spectra | Empowering Smarter Workplaces+2iScalePro+2
• Negotiate pricing, payment terms, delivery schedules, and contracts. iScalePro+1
• Maintain and nurture long-term relationships with suppliers to secure favorable conditions. iScalePro
• Monitor supplier performance (quality, delivery, reliability) and take corrective actions when required. iScalePro
• Purchase Order / Procurement Process
• Receive and review purchase requisitions from different departments. EMH Crane & Components+1
• Create and issue accurate Purchase Orders (PO) as per requirements. optiBPO+1
• Track POs — follow up with suppliers for delivery timelines and expedite orders if needed. optiBPO+1
• Coordinate with internal stakeholders (finance/accounts, stores, operations) to ensure smooth procurement flow. EMH Crane & Components
• Handle documentation — maintain purchase records, invoices, delivery notes, and vendor contracts. iScalePro+1
• Inventory & Material Management
• Monitor stock levels and trigger purchase when minimum thresholds are reached. iScalePro
• Coordinate with stores/warehouse teams to ensure receipt, inspection, and acceptance of goods. optiBPO
• Work with internal teams (production, operations) to forecast material requirements and plan procurement accordingly. iScalePro
• Cost Control & Budgeting
• Analyze market trends, supplier pricing, and costs to obtain the best value. Indus Group+1
• Implement cost-saving strategies: bulk purchase, alternate vendors, negotiation, etc. iScalePro
• Prepare and maintain procurement budgets, forecasts, and spend reports. VelvetJobs
• Quality Assurance
• Ensure that procured goods meet company quality standards. iScalePro
• Work with quality control (QC) or inspection teams to inspect goods on arrival. iScalePro
• Manage returns, replacements, or rework in case of defective materials. EMH Crane & Components
• Compliance & Process Improvement
• Ensure procurement activities comply with company policy, relevant laws, and ethical standards. Indus Group+1
• Participate in continuous improvement initiatives to streamline the purchasing process. optiBPO+1
• Maintain and update supplier databases, performance metrics (KPIs), and benchmarking reports. VelvetJobs

Skills & Qualifications

• Bachelor's degree in Business Administration, engineering, Supply Chain Management, Commerce, or related field. Indus Group+1
• Prior experience (1–3 years or more) in procurement, purchasing, or supply chain. Spectra | Empowering Smarter Workplaces+1
• Strong negotiation skills and the ability to evaluate vendor proposals effectively. iScalePro
• Excellent communication and interpersonal skills. Adzuna
• Proficiency in MS Office (especially Excel); experience with ERP/procurement systems is highly desirable. EMH Crane & Components+1
• Analytical mindset, attention to detail, and strong organizational skills. iScalePro
• Ability to work independently and make decisions under pressure. VelvetJobs

Working Conditions

• Full-time position.
• Interaction with suppliers (locally and potentially pan-India) and cross-functional internal teams.
• May involve travel (for vendor visits, procurement meetings) depending on company needs.
• Expected to meet procurement targets, cost-savings goals, and delivery timelines.

Performance Metrics / KPIs (Examples)

• On-time delivery rate of Purchase Orders
• Cost savings achieved against benchmarks
• Supplier defect / rejection rate
• Inventory turnover or stock-out frequency
• Procurement cycle time (from requisition to PO to delivery)

Job Types: Full-time, Permanent

Pay: ₹10, ₹20,000.00 per month

Benefits:

• Flexible schedule
• Health insurance
• Leave encashment
• Paid sick time
• Paid time off
• Provident Fund

Work Location: In person