Description
We are hiring Purchase Executive is responsible for sourcing, purchasing, and ensuring the timely availability of materials, goods, and services required for business operations. The role involves vendor management, price negotiation, purchase order processing, inventory coordination, and maintaining procurement records while ensuring quality, cost-effectiveness, and compliance with company policies.
Key Responsibilities
Identify and evaluate suppliers based on quality, price, delivery, and service.
Obtain quotations, compare prices, and negotiate favorable terms with vendors.
Prepare and issue purchase orders in accordance with company requirements.
Monitor order status and ensure timely delivery of materials.
Coordinate with production, stores, and other departments to understand purchasing needs.
Maintain relationships with existing suppliers and identify new sourcing opportunities.
Ensure purchased materials meet quality standards and specifications.
Resolve issues related to delayed deliveries, shortages, or quality concerns.
Maintain accurate procurement records, vendor databases, and documentation.
Monitor inventory levels and support stock replenishment planning.
Ensure compliance with company procurement policies and applicable regulations.
Prepare periodic purchase reports, cost analyses, and vendor performance reports.
Required Qualifications
Bachelor's degree in Commerce, Business Administration, Supply Chain Management, or a related field.
2–5 years of experience in purchasing or procurement (experience requirements may vary based on the organization).
Knowledge of procurement processes, vendor management, and inventory control.
Experience with ERP systems such as SAP, Oracle, Tally, or similar software is preferred.
Proficiency in Microsoft Excel and other MS Office applications.