The Purchase Executive is responsible for sourcing, negotiating, and procuring materials, products, and services required by the company. The role ensures timely availability of quality materials at competitive prices while maintaining good relationships with suppliers and adhering to company policies and budgets.
Key Responsibilities:
* Identify, evaluate, and select vendors based on price, quality, service, and reliability.
* Issue purchase orders and ensure timely delivery of materials.
* Negotiate terms and conditions, including pricing, payment terms, and delivery schedules.
* Maintain records of purchase orders, invoices, and supplier contracts.
* Monitor inventory levels and coordinate with the stores or production team for replenishment.
* Conduct market research to identify cost-saving opportunities and recent suppliers.
* Ensure procurement activities comply with company policies and standards.
* Handle vendor development and maintain strong supplier relationships.
* Coordinate with the accounts department for payment processing and resolving discrepancies.
* Prepare reports on purchase activities, cost analyses, and supplier performance.
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### **Key Skills & Competencies:**
* Strong negotiation and communication skills.
* Excellent knowledge of procurement processes and documentation.
* Vendor management and market awareness.
* Good analytical and decision-making abilities.
* Proficiency in MS Office and ERP systems (Tally, SAP, etc.).