Purchase Executive

Job Summary

The Purchase Executive is responsible for sourcing, negotiating, and purchasing materials, equipment, and services required by the organization. The role involves supplier management, cost optimization, inventory coordination, and ensuring timely delivery while maintaining quality standards.

Key Responsibilities

1. Procurement & Sourcing

• Identify, evaluate, and select reliable suppliers and vendors.
• Request quotations, compare prices, and negotiate terms, pricing, and contracts.
• Process purchase orders and ensure compliance with company policies.

2. Inventory & Material Management

• Monitor inventory levels and coordinate with store/warehouse teams for stock requirements.
• Ensure timely replenishment of materials to avoid production delays.

3. Vendor Management

• Maintain strong relationships with suppliers and develop new vendor sources.
• Evaluate vendor performance in terms of quality, cost, and delivery timeline.
• Resolve vendor issues related to pricing, deliveries, or product quality.

4. Cost Control & Optimization

• Analyze purchasing data and identify opportunities to reduce procurement costs.
• Participate in budgeting and cost-control initiatives.

5. Documentation & Compliance

• Maintain accurate purchase records, contracts, and price agreements.
• Ensure compliance with company procurement procedures and audit requirements.
• Coordinate with finance/accounts for timely invoice processing and payment.

6. Coordination & Communication

• Work closely with production, quality, stores, and finance teams.
• Provide timely updates regarding purchase status, delays, or risks.

Required Skills & Competencies

• Strong negotiation and communication skills
• Knowledge of procurement processes and supply chain management
• Good analytical and cost-evaluation skills
• Ability to handle multiple suppliers and priorities
• Proficiency in MS Excel, ERP systems (SAP, Oracle, Tally, etc.)
• Attention to detail and strong organizational skills

Preferred Qualities

• Understanding of GST, taxation, and basic commercial terms
• Ability to work under pressure and meet deadlines

Job Type: Full-time

Pay: ₹15,000.00 - ₹20,000.00 per month

Benefits:

• Leave encashment

Work Location: In person