Purchase Executive

Found in: Talent IN C2 - 2 weeks ago


Chennai, India AGS Full time
Overview:As a PurchaseExecutive you will play a crucial role in procuring highquality andcosteffective supplies for the company. You will be responsible forbuilding and maintaining strong relationships with suppliersnegotiating contracts and ensuring timely delivery of goods tosupport the organization soperations.
KeyResponsibilities:
  • Identify potentialsuppliers and source the best quality products at the mostcompetitive prices.
  • Negotiate with vendors tosecure advantageous terms anddiscounts.
  • Coordinate with various departmentsto determine their purchasing needs andrequirements.
  • Review and process purchaseorders ensuring accuracy and compliance with companypolicies.
  • Monitor inventory levels and ensuretimely replenishment of stock.
  • Assess supplierperformance and address issues to maintain a reliable supplychain.
  • Manage relationships with existing andnew suppliers fostering longtermpartnerships.
  • Stay updated on industry trendsmarket conditions and productinnovations.
  • Collaborate with the financedepartment to reconcile invoices and resolvediscrepancies.
  • Participate in budgeting andcost optimization efforts.
  • Utilize procurementsoftware and systems to streamline purchasingprocesses.
  • Ensure compliance with relevantregulations and ethical standards.
  • Conduct riskassessments and implement strategies to mitigate supply chaindisruptions.
  • Prepare and present reports onpurchasing activities savings and performancemetrics.

RequiredQualifications:
  • Bachelor s degree inBusiness Administration Supply Chain Management or a relatedfield.
  • Proven experience as a PurchaseExecutive or in a similar procurementrole.
  • Demonstrated knowledge of procurementbest practices contract negotiation and purchasingstrategies.
  • Strong analytical skills with theability to interpret market trends and pricingdata.
  • Excellent communication and negotiationabilities.
  • Proficiency in using procurementsoftware and MS Office applications.
  • Ability toprioritize tasks and work effectively in a fastpacedenvironment.
  • Understanding of inventorymanagement principles and supply chainlogistics.
  • Detailoriented with a focus onaccuracy and quality in purchasingprocesses.
  • Sound decisionmaking skills and theability to solve problemsefficiently.
  • Familiarity with legal andregulatory requirements related toprocurement.
  • Proactive and resultsdriven with afocus on achieving cost savings and operationalefficiency.
  • Capability to work collaborativelyin a crossfunctional teamenvironment.
  • Professional certification inprocurement or supply chain management is aplus.
  • Flexibility to travel for supplier visitsand industry events asneeded.

communication,vendormanagement,supply chain management,purchasing,purchasingprocesses


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