Senior Purchase Executive

Objective: We are looking for a Purchase Executive who will be responsible for managing the complete inventory and raw material handling process. The ideal candidate should have a keen eye for detail, strong organizational skills, and the ability to maintain accurate records while ensuring a smooth flow of materials throughout the storage and production processes.

Role & Responsibilities:

• Procurement Management:

· Oversee the procurement of raw materials, components, and finished goods required for the manufacturing of processing and packaging equipment.

· Develop and implement procurement strategies to optimize costs, maintain quality standards, and ensure timely delivery.

· Analyse and negotiate contracts with suppliers to secure favourable terms and long-term partnerships.

• Vendor Management:

· Identify, assess, and on-board new suppliers while maintaining strong relationships with existing vendors.

· Conduct regular vendor evaluations based on quality, cost, delivery timelines, and compliance.

· Resolve any supplier-related issues or disputes to ensure uninterrupted supply chain operations.

• Inventory Control & Management:

· Monitor inventory levels to ensure optimal stock levels, reducing excess inventory and preventing shortages.

· Collaborate with the production and warehouse teams to forecast demand and manage inventory turnover.

· Implement inventory management practices to reduce costs and improve operational efficiency.

• Cost Optimization:

· Work towards reducing purchase costs through effective negotiation and sourcing strategies.

· Analyse market trends, price fluctuations, and product availability to make informed purchasing decisions.

· Continuously evaluate cost-saving opportunities while maintaining quality and compliance standards.

• Quality Assurance & Compliance:

· Ensure all purchased materials meet the quality standards and specifications required for the manufacturing processes.

· Collaborate with the quality assurance team to conduct regular inspections and audits of supplier facilities.

· Maintain compliance with industry regulations and company policies related to procurement.

• Purchase Planning & Reporting:

· Develop and maintain purchase plans and budgets to align with production schedules and project requirements.

· Prepare regular reports on purchase orders, vendor performance, inventory status, and cost analysis for management review.

· Use ERP systems to manage purchase orders, track shipments, and ensure accurate record-keeping.

• Collaboration & Communication:

· Work closely with the production, engineering, and finance teams to ensure timely availability of materials for ongoing projects.

· Coordinate with suppliers for delivery schedules, shipment tracking, and order modifications.

· Build and maintain effective communication channels with internal stakeholders to understand their requirements and provide procurement support.

Qualifications & Skills:

• Education: Bachelor's degree
• Experience: 2-10 years of experience in the purchase/procurement department, preferably in manufacturing or engineering industries.
• Technical Knowledge: Strong understanding of equipment used in the pharmaceutical, API, bulk drugs, nutraceutical, chemical, food, and cosmetics industry.
• Negotiation Skills: Proven ability to negotiate contracts and manage supplier relationships effectively.
• Analytical Skills: Ability to analyse market trends, pricing, and supplier performance to make data-driven decisions.
• Software Proficiency: Familiarity with ERP systems, Microsoft Excel, and other procurement management software.
• Communication Skills: Good verbal and written communication skills for effective coordination with QC, production, and purchase teams.
• Skills: Strong knowledge of inventory management software (MS Office, Tally, excellent organizational skills, and ability to work under pressure.

Other Benefits:

· Work Location: Vasai (East), with bus facility available from Vasai Station for easy commuting.

· As facilities will be start after one year. (i.e. Bonus, Holidays etc.)

Job Type: Full-time

Pay: ₹20,000.00 - ₹40,000.00 per month

Work Location: In person