Purchase Executive

Job Title: Purchase Executive

Experience: 6+ Years
Industry: Oil & Refinery / Petrochemicals
Location: [Insert Location]
Department: Procurement / Supply Chain
Reports To: Procurement Manager / Supply Chain Head
Employment Type: Full-time

Job Summary

We are seeking an experienced Purchase Executive with 6+ years of proven expertise in oil and refinery procurement processes. The ideal candidate will be responsible for sourcing, negotiating, and purchasing materials, equipment, and services essential for operations. A strong understanding of vendor management, industry-specific materials, and cost control is essential.

Key Responsibilities:

• Procurement & Sourcing:
• Identify and source reliable suppliers for equipment, spare parts, and consumables related to refinery and oil operations.
• Float RFQs/RFPs and analyze quotations to ensure competitiveness and quality.
• Vendor Management:
• Develop and maintain relationships with approved vendors and contractors.
• Evaluate supplier performance and ensure compliance with contractual terms and safety standards.
• Purchase Order Management:
• Issue purchase orders (POs) in alignment with company policies and project requirements.
• Monitor delivery timelines and expedite orders as required.
• Inventory Coordination:
• Work closely with stores and inventory teams to align procurement with inventory levels.
• Minimize stockouts and overstock situations.
• Cost Control & Budgeting:
• Monitor market trends, pricing strategies, and cost-saving opportunities.
• Assist in budgeting and forecasting procurement costs for projects and operations.
• Compliance & Documentation:
• Ensure all purchases comply with internal policies, quality standards, and legal requirements.
• Maintain accurate records of purchases, contracts, and supplier evaluations.
• Cross-functional Collaboration:
• Liaise with the engineering, operations, and maintenance teams to understand technical specifications.
• Support project procurement as per timelines and material take-off (MTO) schedules.

Required Qualifications:

• Bachelor’s degree in Mechanical Engineering, Supply Chain, Commerce, or related fields.

(PG in Materials Management or MBA in Supply Chain is a plus.)

• Minimum 6 years of relevant experience in procurement within the oil, gas, or refinery industry.
• Strong knowledge of procurement lifecycle, import/export regulations, INCOTERMS, and HS codes.
• Proficiency in ERP systems like SAP/MM, Oracle, or similar platforms.
• Solid negotiation, analytical, and communication skills.

Job Type: Full-time

Pay: ₹15,000.00 - ₹45,000.00 per month

Benefits:

• Health insurance
• Leave encashment
• Provident Fund