The Purchase Executive is responsible for sourcing, negotiating, and purchasing goods and services required by the organization. The role ensures cost-effectiveness, quality, and timely delivery while maintaining strong vendor relationships.
Key Responsibilities
- Identify and evaluate suppliers based on price, quality, and delivery speed
- Negotiate contracts, terms, and pricing with vendors
- Prepare and process purchase orders in line with company policies
- Track orders and ensure timely delivery of materials
- Maintain accurate records of purchases, pricing, and inventory
- Coordinate with internal departments (production, finance, stores)
- Monitor stock levels and avoid shortages or overstocking
- Evaluate vendor performance and resolve issues
- Ensure compliance with company procurement policies
- Stay updated on market trends, pricing, and new suppliers
Required Skills & Qualifications
- Bachelor’s degree in Business Administration, Supply Chain, or related field
- 2-5 years of experience in procurement or purchasing
- Strong negotiation and communication skills
- Knowledge of procurement software / ERP systems (e.g., SAP, Tally)
- Positive analytical and problem-solving abilities
- Attention to detail and organizational skills
- Ability to work under pressure and meet deadlines
Preferred Skills
- Experience in vendor management
- Knowledge of import/export procedures (if applicable)
- Cost analysis and budgeting skills
Key Performance Indicators (KPIs)
- Cost savings achieved
- On-time delivery rate
- Vendor performance ratings
- Inventory turnover ratio
- Purchase order accuracy