Purchase Executive

The Purchase Executive – New Product Sourcing is responsible for identifying, evaluating, and developing suppliers for new products while ensuring cost competitiveness, quality, and timely availability of materials. The role supports new product development initiatives through effective sourcing strategies, vendor coordination, and cross-functional collaboration.

Key Responsibilities

• Support new product sourcing (NPS) and new vendor development activities
• Identify, evaluate, and onboard suppliers for new products and components
• Float RFQs/RFPs, perform cost comparisons, and support price negotiations
• Coordinate with engineering, quality, and production teams during NPD/NPS stages
• Ensure timely availability of materials for trials, prototypes, and production
• Assist in vendor performance evaluation for quality, delivery, and cost
• Monitor market trends, material pricing, and supplier capabilities
• Ensure procurement activities comply with company policies and procedures
• Maintain sourcing documentation, MIS, and purchase records

Key Skills & Competencies
New Product Sourcing (NPS), vendor development, RFQ/RFP handling, cost analysis, negotiation support, coordination with cross-functional teams, supplier evaluation, and documentation.

Job Type: Full-time

Pay: ₹29,000.00 - ₹31,000.00 per month

Education:

• Doctorate (Required)

Work Location: In person