Stores & Purchase Executive

The Stores & Purchase Executive manages procurement activities and inventory operations, ensuring optimal stock levels, cost-effective purchasing, and efficient warehouse management while maintaining quality standards and supplier relationships.

Key Responsibilities

Procurement & Purchasing

• Source and evaluate suppliers for materials, goods, and services
• Negotiate prices, terms, and conditions with vendors
• Prepare and process purchase orders and contracts
• Monitor market trends and pricing for strategic purchasing decisions
• Conduct supplier audits and performance evaluations
• Maintain vendor database and supplier relationships

Inventory Management

• Monitor stock levels and maintain optimal inventory levels
• Conduct regular stock audits and cycle counts
• Manage inventory turnover and minimize obsolete stock
• Coordinate with production/sales teams for demand planning
• Implement inventory control systems and procedures
• Generate inventory reports and analysis

Stores Operations

• Oversee receiving, storage, and dispatch of materials
• Ensure proper storage conditions and warehouse organization
• Manage goods inward and outward documentation
• Coordinate with logistics providers for timely deliveries
• Maintain accurate records of all transactions
• Ensure compliance with safety and security protocols

Cost Management

• Analyze purchase costs and identify cost-saving opportunities
• Monitor budget compliance and expenditure tracking
• Prepare cost analysis reports and recommendations
• Negotiate payment terms and manage cash flow impact
• Implement cost reduction initiatives
• Track and report on procurement KPIs

Documentation & Compliance

• Maintain accurate purchase and inventory records
• Ensure compliance with company policies and procedures
• Prepare regular reports on procurement activities
• Handle documentation for customs and regulatory requirements
• Manage contracts and legal documentation
• Support internal and external audits

Quality Assurance

• Inspect incoming materials for quality and specifications
• Coordinate with quality control teams for material acceptance
• Handle returns and replacements of defective materials
• Maintain quality standards for all procured items
• Document quality issues and corrective actions

Job Type: Full-time

Pay: Up to ₹29,000.00 per month

Benefits:

• Food provided
• Health insurance
• Leave encashment
• Life insurance

Experience:

• Store & Purchase Executive: 1 year (Preferred)

Location:

• Mumbai, Maharashtra (Preferred)

Shift availability:

• Day Shift (Preferred)
• Night Shift (Preferred)

Work Location: In person