Purchasing Executive
Purchasing Executive1
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About the Job
Skills
Key Responsibilities:
1. Supplier Management:
o Identify and evaluate potential suppliers.
o Develop and maintain strong relationships with existing suppliers.
o Negotiate terms and conditions with suppliers to secure favorable contracts and pricing. o Monitor supplier performance and resolve any issues or disputes.
2. Procurement Strategy:
o Develop and implement procurement strategies aligned with the company’s goals and objectives.
o Analyze market trends and industry developments to identify new opportunities for cost savings and process improvements.
o Ensure compliance with company policies and industry regulations.
3. Purchase Orders and Inventory Management:
o Oversee the creation and processing of purchase orders.
o Monitor inventory levels and forecast future needs to ensure optimal stock levels. o Coordinate with inventory and warehouse teams to manage stock and avoid overstocking or stockouts.
4. Cost Management:
o Monitor and control procurement budgets.
o Identify opportunities for cost reduction and process efficiency.
o Prepare and present cost analysis reports and recommendations.
5. Quality Assurance:
o Ensure that purchased products meet quality standards and regulatory requirements. o Address and resolve any quality issues with suppliers.
o Conduct regular audits and evaluations of supplier performance.
6. Documentation and Reporting:
o Maintain accurate and up-to-date records of purchase orders, supplier agreements, and other procurement documents.
o Prepare regular reports on procurement activities, including cost analysis, supplier performance, and inventory levels.
o Provide insights and recommendations to senior management based on procurement data.
7. Team Management:
o Supervise and mentor procurement staff.
o Provide training and support to team members to enhance their skills and performance. o Foster a collaborative and productive work environment.
Qualifications:
∙ Bachelor’s degree in Supply Chain Management, Business Administration, or a related field. A Master’s degree or professional certification (e.g., CPSM, CPP) is a plus.
∙ 4-7 years of experience in procurement or purchasing, preferably within the FMCG or Pharma industry.
∙ Strong knowledge of procurement processes, supplier management, and inventory control. ∙ Excellent negotiation, communication, and interpersonal skills.
∙ Ability to analyze market trends, data, and supplier performance.
∙ Experience using procurement software SAP,ERP, etc.
∙ Proficiency in procurement software and Microsoft Office Suite.
∙ Strong organizational and problem-solving skills with attention to detail.
Working Conditions:
∙ Office environment with occasional travel to supplier sites or other company locations. ∙ May require extended hours during peak periods or special projects.
About the company
Industry
Staffing and Recruiting
Company Size
11-50 Employees
Headquarter
New Delhi
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