Purchase Executive, procurement and purchase executive

3 days ago

Bengaluru, Karnataka, India Klene Paks Full time ₹ 9,00,000 - ₹ 12,00,000 per year

A purchase and procurement executive develops procurement strategies, sources and evaluates suppliers, negotiates contracts for best terms, and manages inventory to ensure the timely, cost-effective acquisition of necessary goods and services. The role requires strong negotiation, analytical, communication, and organizational skills, often with a Bachelor's degree in Supply Chain Management or Business Administration and experience in a procurement setting. Key responsibilities include managing the end-to-end procurement process, maintaining accurate records, monitoring supplier performance, and staying informed on market trends and regulations to optimize supply chain efficiency and profitability. Key Responsibilities

  • Supplier Management: Identify, evaluate, and select suppliers based on price, quality, and delivery.
  • Negotiation: Negotiate contracts, terms, and pricing with vendors and suppliers to secure favorable agreements.
  • Strategy Development: Develop and implement effective procurement strategies to achieve cost savings and improve supply chain efficiency.
  • Inventory Management: Monitor and maintain inventory levels to prevent stockouts and optimize costs.
  • Process Management: Oversee the entire procurement process from supplier identification to contract management and ensures timely delivery of materials.
  • Market Analysis: Monitor market trends, new products, and changes in regulations to identify cost-saving opportunities and ensure compliance.
  • Collaboration: Work with internal stakeholders to understand purchasing needs and collaborate with cross-functional teams on demand forecasting.
  • Record Keeping: Maintain accurate and up-to-date records of purchases, pricing, and inventory.

Required Skills and Qualifications

  • Education: A Bachelor's degree in Supply Chain Management, Business Administration, or a related field is often required.
  • Experience: Proven experience in a purchasing or procurement role.
  • Negotiation Skills: Strong ability to negotiate contracts and terms with suppliers.
  • Analytical Skills: Ability to analyze market trends, evaluate supplier performance, and identify cost-saving opportunities.
  • Communication Skills: Excellent ability to communicate effectively with internal teams and external vendors.
  • Organizational Skills: Strong organizational and time management skills to handle multiple tasks and meet deadlines.
  • Technical Proficiency: Proficiency in procurement software and tools.
  • Attention to Detail: A high level of accuracy in record-keeping and process management. Role & responsibilities

Preferred candidate profile : Candidate from manufacturing industry is preferred.

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