Purchase Executive

• Sourcing and Procurement:Identifying potential vendors, negotiating contracts, and purchasing goods and services to meet operational needs.

Typical Duties:

• Preparing purchase orders and tracking their progress.
• Reviewing and approving procurement documents.
• Monitoring supplier performance and resolving issues.
• Staying up-to-date on industry trends and new products.
• Collaborating with internal stakeholders to understand their needs.

Required Skills:

• Negotiation skills: Essential for securing favorable contracts and pricing.
• Analytical skills: Needed to analyze data, identify trends, and make informed decisions.
• Communication skills: Important for interacting with vendors and internal stakeholders.
• Organizational skills: Necessary for managing multiple tasks, prioritizing, and meeting deadlines.
• Technical skills: Proficiency in procurement software, ERP systems, and Microsoft Office Suite.

Job Titles:Procurement Manager, Procurement Specialist, Procurement Officer, Procurement Engineer, and Buyer. Educational Background:

• Bachelor's degree in procurement, supply chain management, business, or a related field.
• Relevant certifications (e.g., CIPS) may be beneficial.

Experience:

• Previous experience in procurement, purchasing, or supply chain management.
• Experience with vendor management, contract negotiation, and cost analysis.

In summary, a procurement job description outlines the core activities, required skills, and desired experience for individuals involved in acquiring goods and services for an organization, emphasizing cost-effectiveness, quality, and compliance.

• Vendor Management:Developing and maintaining strong relationships with suppliers, ensuring timely and cost-effective procurement.
• Contract Negotiation:Negotiating favorable terms and conditions with suppliers.
• Cost Savings:Analyzing market trends, identifying cost-saving opportunities, and implementing strategies to reduce procurement expenses.
• Compliance:Ensuring adherence to company policies, legal frameworks, and regulatory requirements.
• Inventory Management:Managing inventory levels, tracking stock, and ensuring timely replenishment.
• Data Analysis:Analyzing procurement data to identify trends, improve processes, and support decision-making.

Job Type: Full-time

Pay: ₹9,318.08 - ₹20,000.00 per month

Benefits:

• Provident Fund

Work Location: In person