Senior Purchase Executive

Job Summary: We are seeking an experienced and detail-oriented Senior Purchase Executive having experiance in Residential Construction Industry to manage end-to-end procurement activities. The candidate will be responsible for sourcing materials, vendor management, purchase order processing, stock monitoring, cost optimization, documentation, and ensuring timely procurement to support project and operational requirements.

• Key ResponsibilitiesProcurement & SourcingReceive and verify approved material indents.
• Identify, evaluate, and negotiate with suppliers.
• Obtain and compare quotations from multiple vendors.
• Prepare comparative statements and secure management approvals.
• Ensure cost-effective procurement while maintaining quality standards.
• Purchase Order ManagementCreate and issue Purchase Orders (POs).
• Follow up with vendors for timely delivery of materials.
• Track order status and resolve procurement-related issues.
• Coordinate with internal departments regarding material requirements.
• Vendor ManagementDevelop and maintain strong supplier relationships.
• Evaluate vendor performance and compliance.
• Negotiate pricing, payment terms, and delivery schedules.
• Identify alternative suppliers to reduce procurement risks.
• Inventory & Stock ControlMonitor stock levels and coordinate with project/site teams.
• Maintain materials required vs. materials purchased records.
• Review stock registers and prevent stock shortages.
• Support inventory planning and material forecasting.
• Documentation & Payment ProcessingCollect delivery challans, invoices, and supporting documents.
• Verify material receipt confirmations.
• Process vendor bills and submit them to Accounts for payment.
• Maintain procurement records and documentation accurately.
• Reporting & AnalysisPrepare quotation comparison reports.
• Generate purchase tracking and stock reports.
• Conduct waste analysis and cost-saving reports.
• Provide procurement MIS reports to management.
• Required SkillsStrong negotiation and vendor management skills.
• Knowledge of procurement processes and inventory management.
• Good analytical and cost-control abilities.
• Proficiency in MS Excel, Word, and ERP software.
• Strong communication and coordination skills.
• Ability to work under deadlines and manage multiple vendors.