Job Description

Job Summary:

The Purchase Executive is responsible for sourcing, negotiating, and procuring goods and services required by the company while ensuring quality, cost-effectiveness, and timely delivery. The role involves vendor management, purchase order processing, inventory monitoring, and coordination with internal departments to meet business needs.

Key Responsibilities:1. Procurement & Sourcing:

Identify and evaluate potential suppliers based on price, quality, and delivery speed. Negotiate contracts, pricing, and payment terms with vendors. Ensure the procurement of materials and services aligns with company requirements. Source alternative suppliers to mitigate risks and reduce costs.

2. Purchase Order Management:

Create and process purchase orders (POs) accurately and efficiently. Track orders and ensure timely delivery of goods and services. Resolve any discrepancies between POs, invoices, and received materials.

3. Vendor & Supplier Management:

Maintain strong relationships with existing suppliers and develop new vendor partnerships. Evaluate supplier performance based on key performance indicators (KPIs). Ensure compliance with company policies and supplier agreements.

4. Cost & Inventory Control:

Monitor inventory levels to avoid overstocking or shortages. Work with the finance department to manage budgets and control costs. Optimize procurement strategies to improve efficiency and reduce expenses.

5. Compliance & Documentation:

Maintain accurate procurement records and documentation. Ensure all purchases comply with company policies and legal requirements. Keep updated with market trends, pricing, and new suppliers.

Required Qualifications & Skills:Education:

Bachelor's degree in Business Administration, Supply Chain Management, or a related field.

Experience:

2-5 years of experience in procurement, purchasing, or supply chain management.

Skills:

Strong negotiation and communication skills. Knowledge of procurement best practices and sourcing strategies. Familiarity with inventory management and supplier evaluation. Proficiency in MS Office (Excel, Word) and procurement software (SAP, ERP, etc.). Ability to work under pressure and meet deadlines. Strong analytical and problem-solving abilities.

Preferred Qualifications:

Certification in Procurement/Supply Chain Management (e.g., CIPS, CPSM) is a plus. Experience in a specific industry (manufacturing, retail, healthcare, etc.) is preferred.
Job Types: Full-time, Permanent, Fresher

Pay: ?15,000.00 - ?30,000.00 per month

Benefits:

Cell phone reimbursement Health insurance Internet reimbursement Paid sick time Provident Fund
Schedule:

Day shift Weekend availability
Supplemental Pay:

Performance bonus Yearly bonus
Experience:

Electrical: 2 years (Preferred)
Work Location: In person