Procurement Executive

The Procurement Executive will be responsible for managing end-to-end procurement operations within the system. This includes vendor management, purchase order processing, price analysis, and ensuring cost-effective and timely procurement to support business operations.

Key Responsibilities

• Manage complete procurement cycle through the system, ensuring accuracy and efficiency.
• Generate and process Purchase Orders (POs) and ensure timely approvals from management.
• Monitor market trends and generate timely alerts for price increases to inform management decision-making.
• Communicate effectively with vendors for quotations, order confirmations, and issue resolution.
• Conduct price negotiations with vendors to achieve cost savings and favorable terms.
• Prepare comparative analysis (price comparisons) for procurement decisions.
• Identify, evaluate, and onboard new vendors in line with company requirements.
• Manage the vendor onboarding process including documentation, verification, and system registration.
• Visit vendors when required to evaluate performance, quality, and relationship management.
• Handle outsourcing processes as per requirements.
• Coordinate closely with management for procurement planning, approvals, and reporting.
• Oversee vendor payment processes and coordinate with accounts for timely payments.
• Negotiate and maintain vendor credit terms and limits to optimize cash flow.
• Visit outsourcing vendor sites when required to expedite work, resolve issues, and ensure commitments are fulfilled.
• Ensure maximum output and performance from outsourcing vendors by taking necessary actions to avoid delays or disruptions.
  
  

Requirements

• Bachelor’s degree in Business Administration, Supply Chain, or related field.
• 1–2 years of relevant procurement experience (fashion/retail industry preferred).
• Strong negotiation and vendor management skills.
• Good understanding of market trends and pricing strategies.
• Proficiency in MS Excel and procurement systems/ERP.
• Excellent communication and interpersonal skills.
• Ability to work under pressure and manage multiple priorities.