The Purchase Executive is responsible for sourcing, negotiating, and purchasing materials, equipment, and services required by the organization. The role involves supplier management, cost optimization, inventory coordination, and ensuring timely delivery while maintaining quality standards.
Key Responsibilities
1. Procurement & Sourcing
Identify, evaluate, and select reliable suppliers and vendors.
Request quotations, compare prices, and negotiate terms, pricing, and contracts.
Process purchase orders and ensure compliance with company policies.
2. Inventory & Material Management
Monitor inventory levels and coordinate with store/warehouse teams for stock requirements.
Ensure timely replenishment of materials to avoid production delays.
3. Vendor Management
Maintain strong relationships with suppliers and develop new vendor sources.
Evaluate vendor performance in terms of quality, cost, and delivery timeline.
Resolve vendor issues related to pricing, deliveries, or product quality.
4. Cost Control & Optimization
Analyze purchasing data and identify opportunities to reduce procurement costs.
Participate in budgeting and cost-control initiatives.
5. Documentation & Compliance
Maintain accurate purchase records, contracts, and price agreements.
Ensure compliance with company procurement procedures and audit requirements.
Coordinate with finance/accounts for timely invoice processing and payment.
6. Coordination & Communication
Work closely with production, quality, stores, and finance teams.
Provide timely updates regarding purchase status, delays, or risks.
Required Skills & Competencies
Strong negotiation and communication skills
Knowledge of procurement processes and supply chain management
Good analytical and cost-evaluation skills
Ability to handle multiple suppliers and priorities
Proficiency in MS Excel, ERP systems (SAP, Oracle, Tally, etc.)
Attention to detail and strong organizational skills
Preferred Qualities
Understanding of GST, taxation, and basic commercial terms
Ability to work under pressure and meet deadlines
Job Type: Full-time
Pay: ?15,000.00 - ?20,000.00 per month
Benefits:
Leave encashment
Work Location: In person
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