We are seeking a highly organized and detail-oriented Purchase Executive to join our procurement team. The ideal candidate will have experience in managing the procurement process, vendor relationships, cost control, budgeting, and payment management. You will be responsible for sourcing goods and services, negotiating with suppliers, ensuring timely deliveries, and maintaining accurate records. This role requires solid communication skills, excellent negotiation abilities, and proficiency in MS Office and ERP systems.
Key Responsibilities:
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Procurement Management:
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Responsible for sourcing and purchasing goods and services as per company requirements.
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Work closely with internal departments to understand procurement needs and timelines.
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Identify and evaluate potential suppliers/vendors and negotiate the best prices and terms.
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Monitor stock levels and place orders to ensure timely procurement and avoid stockouts.
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Vendor Relationship Management:
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Build and maintain strong relationships with key suppliers and vendors.
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Ensure suppliers meet quality and delivery standards.
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Resolve any issues related to delayed or defective goods and services promptly.
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Evaluate supplier performance and provide feedback for continuous improvement.
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Vendor Management:
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Coordinate with suppliers to ensure the timely supply of materials and services.
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Maintain a vendor database, updating contacts, prices, and terms of agreements.
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Manage vendor contracts, renewals, and pricing negotiations.
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Cost Control & Budgeting:
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Monitor and control procurement costs to stay within budget constraints.
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Track and analyze spending trends and report discrepancies to senior management.
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Ensure cost-effective procurement by identifying opportunities for savings or process improvements.
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Recording & Posting:
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Maintain accurate records of all procurement transactions, purchase orders, and supplier agreements.