Key Responsibilities

1. Strategic Procurement

· Develop and implement procurement strategy aligned with business goals.

· Build long-term sourcing plans for solar products and components.

· Identify opportunities for cost optimization.

· Ensure procurement supports company growth plans.

2. Vendor Management & Development

· Develop and manage domestic and international supplier network.

· Evaluate suppliers based on quality, cost, delivery, and service.

· Conduct annual supplier performance reviews.

· Build alternate supplier base to reduce dependency risks.

· Negotiate annual contracts and commercial agreements.

3. Solar Industry Procurement

Solar Panels
· Solar cells

· Glass

· EVA

· Backsheet

· Junction Boxes

· Aluminum Frames

· Packaging Materials

Inverters
· Electronics components

· PCB assemblies

· Power modules

· Transformers

· Enclosures

Batteries
· Lithium Cells

· BMS

· Battery Packs

· Connectors

· Enclosures

4. Cost Optimization

· Lead value engineering initiatives.

· Improve procurement efficiency.





· Reduce material cost through strategic negotiations.

· Identify localization opportunities.

· Drive annual cost reduction projects.

Target
· 3%–8% procurement cost reduction annually.

5. Inventory Planning

· Work closely with sales, operations, and production teams.

· Ensure optimal inventory levels.

· Prevent stock-outs and excess inventory.

· Improve inventory turnover.

KPIs

· Inventory Days

· Material Availability

· Procurement Savings

6. Procurement Operations

· Approve Purchase Requisitions (PR).

· Approve Purchase Orders (PO).

· Monitor order fulfillment.

· Ensure timely material delivery.

· Resolve supply disruptions.

7. Compliance & Governance

· Ensure procurement policies are followed.

· Implement transparent vendor selection process.

· Ensure statutory and contractual compliance.

· Conduct procurement audits.

8. Cross-Functional Coordination

Work closely with:
· Sales Team
· Production Team
· W

📌 Senior Purchase Executive (Faridabad)
🏢 LOOM SOLAR
📍 Faridabad