Job Summary

The Senior Purchase Executive is responsible for managing procurement activities, sourcing suppliers, negotiating contracts, ensuring timely delivery of materials, and maintaining optimal inventory levels. The role focuses on cost optimization, quality assurance, vendor management, and compliance with company procurement policies.

Key Responsibilities -

Procurement & Purchasing

- Identify, evaluate, and develop reliable suppliers and vendors.

- Obtain quotations, compare prices, and negotiate favourable commercial terms.

- Prepare and process purchase orders in accordance with company policies.

- Ensure timely procurement of materials, equipment, and services.

- Monitor purchase orders from issuance to delivery and resolve supply issues.

Vendor Management

- Build and maintain solid relationships with suppliers.

- Conduct vendor performance evaluations based on quality, delivery, cost, and service.

- Develop alternative sources to reduce procurement risks.

- Negotiate contracts, pricing agreements, and payment terms.

Cost Control & Negotiation

- Achieve cost savings through strategic sourcing and negotiations.

- Analyse market trends and pricing fluctuations.

- Recommend cost-effective procurement strategies without compromising quality.

Inventory Coordination

- Coordinate with stores, production, and planning teams to maintain optimum inventory levels.

- Monitor stock availability and initiate replenishment activities.

- Prevent stock-outs and excess inventory situations.

Documentation & Compliance

- Maintain procurement records, contracts, and supplier documentation.





- Ensure compliance with company procurement policies and regulatory requirements.

- Prepare procurement reports, spend analysis, and vendor performance reports.

Cross-Functional Coordination

- Work closely with production, engineering, quality, finance, and logistics teams.

- Resolve supplier-related quality and delivery issues.

- Support audits and procurement process improvements.

Requirements

Required Qualifications

- Bachelor's degree in Supply Chain Management, Commerce, Business Administration, Engineering, or related field.

- Additional certification in Procurement or Supply Chain Management is preferred.

Key Performance Indicators (KPIs)

- Cost savings achieved through negotiations and sourcing strategies.

- Purchase order processing turnaround time.

- Vendor performance and on-time delivery rates.

- Procurement compliance and audit adherence.

- Contract renewal management and cost optimisation.

- Stakeholder satisfaction scores.

Experience

- 3–5 years of experience in procurement, purchasing, or supply chain management.

- Experience handling local and international sourcing (if applicable).

- Strong experience in vendor development and contract negotiation.

Required Skills

- Strong negotiation and vendor management skills.

- Knowledge of IT multi-products and technology procurement practices.

- Excellent analytical and cost-management abilities.

- Understanding of procurement contracts, SLAs, and compliance requirements.

- Strong communication, stakeholder management, and problem-solving skills.

- Ability to manage multiple procurement projects simultaneously.

BenefitsSalary 5 to 6 lac pa

📌 Senior Purchase Executive - Thane
🏢 Suncorp Solutions
📍 Thane