Location
Bangalore | India
Job description
The Executive Purchase is responsible for efficiently procuring goods, materials, and services for the organization.
This role involves sourcing suppliers, negotiating contracts, managing vendor relationships, and ensuring timely and cost-effective procurement.
Key Responsibilities:
- Supplier Sourcing:
Research and identify potential suppliers to meet the organization s procurement needs.
- Negotiation:
Negotiate pricing, terms, and conditions with suppliers to secure favourable contracts while maintaining quality and cost-effectiveness.
- Purchase Orders:
Generate, review, and manage purchase orders, ensuring accuracy and compliance with company policies and procedures.
- Inventory Management:
Monitor and control inventory levels, optimizing stock levels to prevent shortages and overstock situations.
- Quality Assurance:
Collaborate with the quality control department to ensure purchased items meet the required quality standards.
- Compliance:
Ensure that all procurement activities adhere to legal and regulatory requirements and company policies.
- Cost Analysis:
Analyse supplier quotations and proposals to identify cost-effective procurement options.
- Budget Management:
Work within allocated budgets, seeking cost-effective solutions to meet the organization s procurement needs.
- Vendor Performance:
Evaluate supplier performance through key performance indicators (KPIs) and take corrective actions when necessary.
- Market Research:
Stay informed about market trends, industry developments, and changes in supplier pricing and availability.
- Reporting:
Prepare regular reports on procurement activities, spending analysis, and cost savings.
Qualifications:
- Proven experience as a Executive Purchase or in a similar procurement role.
- Strong negotiation skills and the ability to build and maintain supplier relationships.
- Excellent communication and interpersonal skills.
- Knowledge of procurement best practices and market trends.
- Attention to detail and strong analytical skills.
Job tags
Salary
