Purchase Executive

Job Description:

Job Title: Purchase Executive

Location: Madhapur

Job Type: Full-Time

Job Summary:

The Purchase Executive will be responsible for sourcing, negotiating, and procuring materials, supplies, and services essential for the company's operations. The role includes building and maintaining strong supplier relationships, ensuring timely deliveries, and optimizing procurement costs without compromising quality. The candidate will collaborate with multiple departments to understand requirements and ensure a smooth and efficient procurement process.

Key Responsibilities

1. Procurement of Materials:

• Source and procure required materials, products, and services for various departments.
• Ensure timely and cost-effective procurement within defined budgets.

2. Vendor Management:

• Identify, evaluate, and build strong relationships with suppliers and vendors.
• Negotiate pricing, quality standards, delivery timelines, and payment terms.
• Manage supplier contracts and maintain long-term partnerships.

3. Inventory Management:

• Monitor stock levels and place timely orders to maintain optimal inventory.
• Prevent shortages and overstocking through effective inventory planning.

4. Cost Control:

• Implement cost-saving initiatives without affecting quality.
• Analyze purchasing patterns regularly to identify opportunities for cost reduction.

5. Purchase Orders & Documentation:

• Prepare and process accurate purchase orders as per specifications, quantity, and pricing.
• Maintain clear and updated records of transactions, purchase orders, agreements, and invoices.

6. Coordination with Internal Departments:

• Work closely with production, finance, and operations to understand material needs.
• Ensure uninterrupted operations by coordinating timely material availability.

7. Supplier Evaluation & Audits:

• Conduct regular evaluations of supplier performance based on delivery, quality, and service.
• Perform periodic supplier audits to ensure compliance with standards and policies.

8. Market Research:

• Stay informed about market trends, new materials, and price fluctuations.
• Identify potential suppliers and conduct market research for informed decision-making.

Key Skills & Competencies

• Strong negotiation and communication skills
• Excellent organizational and time-management abilities
• Analytical mindset with attention to detail
• Knowledge of supply chain and inventory management
• Proficiency in MS Office and ERP/procurement software
• Ability to work collaboratively with cross-functional teams
• Strong problem-solving abilities and capability to work under pressure

Qualifications & Experience

• Bachelor's degree in Engineering or a related field
• 2–5 years of experience as a Purchase Executive or in a similar role
• Experience in supplier relationship management and contract negotiation
• Familiarity with market research, data analysis, and procurement best practices

Personal Attributes

Self-Motivation & Positive Attitude:

Proactive, self-driven, and maintains a positive outlook.

Mental Resilience & Pressure Handling:

Able to manage stress effectively and remain focused on results.

Organizational & Time Management:

Efficient in handling multiple tasks with strong planning skills.

Communication & Interpersonal Skills:

Clear communicator with the ability to maintain strong internal and external relationships.

Team Collaboration & Independence:

Works well independently and in cross-functional teams.

High Energy:

Displays enthusiasm and a proactive approach in daily tasks.

Persistence:

Stays determined and goal-focused despite challenges.

Willingness to Learn:

Open to acquiring new skills, embracing feedback, and improving continuously.

Hospitable:

Friendly and approachable, ensuring positive interactions with colleagues, clients, and partners.

Honest:

Upholds integrity, transparency, and trustworthiness at all times.

Commuting Capability

• Must own a bike and be able to commute to various sites as required.

Job Types: Full-time, Permanent

Pay: ₹15, ₹31,997.09 per month

Work Location: In person