Location
Mumbai | India
Job description
Overview:
The Purchase Executive plays a crucial role in the procurement and supply chain management of the organization. They are responsible for sourcing purchasing and ensuring timely delivery of highquality goods and services at the best possible cost.
Key Responsibilities:
- Conducting market research to identify potential suppliers and evaluate their products and services
- Negotiating pricing terms and contracts with suppliers to secure favorable terms for the organization
- Coordinating with internal stakeholders to understand their purchasing needs and requirements
- Preparing and processing purchase orders and ensuring timely delivery of materials and services
- Monitoring and maintaining optimal inventory levels to meet demand while minimizing excess inventory
- Developing and implementing procurement strategies to improve efficiency and costeffectiveness
- Collaborating with vendors and maintaining strong supplier relationships
- Identifying costsaving opportunities and implementing cost reduction initiatives
- Ensuring compliance with procurement policies procedures and regulations
- Conducting regular supplier performance evaluations
- Resolving supply chain and logistics issues to minimize disruptions
- Participating in supplier selection and qualification processes
- Coordinating with finance and accounting departments for invoice processing and payment
- Utilizing procurement software and tools to enhance purchasing processes and data analysis
- Contributing to the development and implementation of purchasing strategies and best practices
Required Qualifications:
- Bachelors degree in Business Administration Supply Chain Management or related field
- Proven experience working in a purchasing or procurement role
- Strong negotiation and communication skills
- Proficient in vendor management and relationship building
- Excellent analytical and problemsolving abilities
- Indepth knowledge of procurement processes and best practices
- Good understanding of inventory control and demand forecasting
- Ability to work in a fastpaced and dynamic environment
- Proficiency in procurement software and tools
- Understanding of supply chain management principles
- Strong attention to detail and accuracy
- Ability to prioritize and manage multiple tasks simultaneously
- Familiarity with legal and contractual aspects of procurement
- Knowledge of industry trends and market dynamics
- Certification in purchasing or supply chain management is a plus
negotiation,procurement,vendor management,analytical thinking,inventory control,supply chain management
Job tags
Salary
