The Purchase Executive is responsible for sourcing, negotiating, and purchasing materials, products, and services required for company operations. The role ensures timely procurement at competitive prices while maintaining quality standards and strong vendor relationships.
Key Responsibilities
- Identify, evaluate, and select reliable suppliers and vendors
- Obtain quotations and compare prices for cost optimization
- Negotiate contracts, pricing, payment terms, and delivery schedules
- Issue Purchase Orders (POs) and track order status
- Ensure timely delivery of materials as per production/operational requirements
- Maintain accurate purchase records and documentation
- Monitor stock levels and coordinate with inventory/warehouse teams
- Resolve supplier-related issues such as delays, shortages, or quality concerns
- Develop and maintain strong supplier relationships
- Ensure compliance with company policies and procurement procedures
- Assist in vendor performance evaluation and audits
Required Skills & Competencies
- Robust negotiation and communication skills
- Good knowledge of procurement processes and supply chain management
- Ability to analyze pricing and cost structures
- Proficiency in MS Office (especially Excel) and ERP systems
- Attention to detail and strong organizational skills
- Problem-solving and decision-making abilities
- Ability to work under pressure and meet deadlines
Qualifications
- Bachelor’s degree in Business Administration, Supply Chain Management, Commerce, or related field
- 1–3 years of experience in procurement or purchasing (industry-specific experience preferred)
Preferred Qualifications
- Experience with ERP systems (e.g., SAP, Oracle, Tally)
- Knowledge of vendor management and contract administration
- Understanding of inventory management principles