Purchase Executive (Electronics Industry)

1. Procurement Operations

• Identify and source quality suppliers and vendors.
• Request and evaluate quotations, negotiate prices, terms, and delivery timelines.
• Issue purchase orders (POs) and follow up on deliveries.

2. Vendor Management

• Develop and maintain strong relationships with existing and new suppliers.
• Evaluate vendor performance based on price, quality, service, and reliability.
• Maintain an approved vendor list and update it regularly.

3. Cost Control and Negotiation

• Ensure procurement of materials/services at the most competitive rates.
• Negotiate contracts, payment terms, and discounts.
• Analyze pricing trends and suggest cost-saving opportunities.

4. Inventory and Stock Management

• Coordinate with the stores and production departments to ensure stock availability.
• Avoid overstocking and understocking by timely planning and ordering.
• Maintain proper records of purchases, delivery, and invoices.

5. Documentation and Compliance

• Maintain accurate records of all procurement transactions.
• Ensure all documentation complies with internal policies and external regulations.
• Coordinate with accounts and finance teams for invoice processing and payments.

6. Market Research and Analysis

• Monitor market trends for new and alternative materials.
• Stay updated with price fluctuations, product availability, and vendor capabilities.
• Analyze consumption trends and forecast future procurement needs.

7. Coordination with Other Departments

• Work closely with departments such as production, stores, QA, and finance to align purchasing needs.
• Communicate order status, delays, or issues effectively to internal stakeholders.

8. Reporting

• Prepare regular reports on procurement status, savings, and vendor performance.
• Assist management with purchase-related data for audits or strategic decisions.

Job Types: Full-time, Permanent

Pay: ₹30,000.00 - ₹35,000.00 per month

Benefits:

• Cell phone reimbursement
• Flexible schedule
• Health insurance
• Internet reimbursement
• Provident Fund

Work Location: In person