Purchase Executive

A Purchase Executive manages the procurement lifecycle, ensuring timely acquisition of goods and services, cost optimization, supplier management, and compliance with organizational policies.Core ResponsibilitiesProcurement and Sourcing: Purchase Executives identify and evaluate suppliers, conduct market research, and source goods and services that meet organizational requirements while achieving the best value for money. They stay updated on industry trends, pricing, and product innovations to make informed purchasing decisions. Taggd+2
Supplier Management: They establish and maintain strong relationships with suppliers, negotiate contracts, assess supplier capabilities, and ensure timely delivery of quality products. This includes monitoring supplier performance and resolving disputes when necessary. iscalepro.com+2
Order and Inventory Management: Purchase Executives manage purchase orders, track deliveries, and maintain inventory levels to prevent shortages or overstocking. They coordinate with internal departments to understand procurement needs and align purchasing strategies with business objectives. iscalepro.com+2
Cost Control and Financial Oversight: They analyze spending patterns, implement cost-saving initiatives, and ensure procurement stays within budget. This includes preparing reports, conducting cost analyses, and maintaining accurate records of purchases, invoices, and delivery information. Taggd+1
Quality Assurance and Compliance: Ensuring that purchased goods meet quality standards and comply with regulatory requirements is a key responsibility. In certain industries, such as healthcare or food, this may involve verifying certifications and adherence to industry-specific standards. Taggd+1
Strategic Planning: Purchase Executives contribute to long-term procurement strategies, optimizing supply chain operations, minimizing risks, and supporting organizational objectives. They may also participate in vendor audits and continuous improvement initiatives. Taggd+1Skills and Qualifications

• Strong negotiation and communication skills for supplier interactions 2
• Analytical abilities to evaluate costs, supplier performance, and market trends 1
• Knowledge of procurement software and supply chain procedures 1
• Attention to detail for record-keeping, order tracking, and compliance 1
• Relevant educational background, typically in Business, Finance, Management, or related fields 1

Job Type: Full-time

Pay: ₹20,000.00 - ₹22,000.00 per month

Benefits:

• Provident Fund

Work Location: In person