Purchase Executive (India)

Purchase Executive (India)

03 Sep
|
Millenium Electronics Technology Private
|
India

03 Sep

Millenium Electronics Technology Private

India

- Key ResponsibilitiesProcurement & Sourcing
- Manage the complete procurement cycle, from purchase requisitions to Purchase Order (PO) generation and vendor payments.

Vendor Management

- Identify, evaluate, onboard, and develop reliable domestic and international suppliers.
- Negotiate pricing, payment terms, contracts, lead times, and delivery schedules to achieve maximum cost efficiency.
- Monitor vendor performance based on quality, delivery, responsiveness, and service levels.
- Maintain long-term supplier relationships while exploring alternative sourcing opportunities.

Inventory & Supply Chain

- Monitor inventory levels and coordinate with stores, planning, and production teams to maintain optimum stock levels.
- Track shipments and coordinate with logistics partners to ensure timely deliveries.
- Resolve issues related to delayed shipments, damaged materials, shortages, or incorrect deliveries.
- Coordinate with warehouse teams for material receipt, inspection, and inventory reconciliation.

Documentation & Compliance

- Generate and process Purchase Orders (POs) through the ERP system.
- Verify invoices against purchase orders and goods received notes (GRNs).
- Maintain accurate procurement records, supplier documentation, and contract files.
- Ensure procurement activities comply with company policies and applicable regulatory requirements.

Cost Analysis & Reporting

- Analyze procurement spending and identify opportunities for cost reduction and process improvements.
- Prepare procurement MIS reports, vendor performance reports, and inventory reports.
- Monitor market trends, raw material prices, and supply risks to support strategic sourcing decisions.
- Work closely with finance to reconcile invoices and resolve payment-related discrepancies.

Required Qualifications

- Bachelor's degree in Supply Chain Management, Commerce, Business Administration,



Engineering, or a related field.
- 5+ years of procurement experience, preferably in the solar, inverter, electrical equipment, renewable energy, or power industry.
- Solid knowledge of solar products, inverter systems, batteries, electrical components, and supply chain processes.
- Experience with ERP systems (SAP, Oracle, Tally ERP, Microsoft Dynamics, or similar).
- Proficiency in Microsoft Excel and procurement reporting.

Required Skills

- Strategic sourcing and vendor development
- Contract and price negotiation
- Purchase Order (PO) management
- Inventory planning and stock control
- Supply chain coordination
- Cost analysis and budgeting
- Vendor performance management
- Logistics and shipment tracking
- Strong analytical, communication, and negotiation skills
- Excellent organizational and multitasking abilities

Preferred Experience

- Experience in EPC, solar manufacturing, inverter manufacturing, or renewable energy projects.
- Familiarity with domestic and international sourcing processes.
- Knowledge of import procurement, logistics, and vendor compliance will be an added advantage.

Key Performance Indicators (KPIs)

- On-time procurement and delivery performance
- Procurement cost savings and budget adherence
- Inventory optimization and stock availability
- Vendor performance and compliance
- Purchase order processing turnaround time
- Reduction in procurement lead times
- Accuracy of procurement documentation and reporting
- Source and procure solar modules, inverters, batteries, mounting structures, electrical components, cables, switchgear, and Balance of System (BOS) materials.
- Evaluate supplier quotations based on cost, quality, delivery schedules, and technical compliance.
- Ensure uninterrupted material availability to support production, installation, and project timelines.

Pay: ₹13,750.00 - ₹15,000.00 per month

Work Location: In person

📌 Purchase Executive (India)
🏢 Millenium Electronics Technology Private
📍 India

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