Purchase Executive

Job Summary:

We are looking for an experienced Purchase Manager to manage the organization’s procurement activities, develop supplier relationships, negotiate contracts, and ensure timely availability of quality materials at competitive prices. The ideal candidate will have strong sourcing, negotiation, vendor management, and cost optimization skills.

Key Responsibilities:

• Develop and implement procurement strategies aligned with business requirements.
• Identify, evaluate, and onboard reliable suppliers and vendors.
• Manage the complete purchase cycle from material requirement to delivery.
• Source products/materials at the best possible quality, cost, and delivery terms.
• Negotiate pricing, contracts, payment terms, and agreements with suppliers.
• Issue purchase orders and ensure timely procurement of materials.
• Monitor supplier performance, quality standards, and delivery schedules.
• Maintain strong relationships with existing and potential vendors.
• Coordinate with production, stores, finance, and operations teams for procurement requirements.
• Track market trends, pricing changes, and new supplier opportunities.
• Ensure compliance with company procurement policies and procedures.
• Maintain accurate purchase records, reports, and documentation.
• Identify cost-saving opportunities and process improvements.
• Required Skills & Qualifications:Bachelor’s degree in Supply Chain Management, Business Administration, Engineering, or related field.
• 5+ years of experience in procurement/purchase management.
• Strong knowledge of sourcing, vendor negotiation, and purchasing processes.
• Good understanding of supplier evaluation and contract management.
• Excellent communication and negotiation skills.
• Ability to analyze costs and make data-driven purchasing decisions.
• Proficiency in MS Office and ERP/SAP purchasing modules preferred.
• Strong organizational and problem-solving abilities.

Preferred Experience:

• Experience in manufacturing/industrial procurement preferred.
• Knowledge of raw materials, components, and supplier networks.
• Experience managing purchase budgets and cost reduction initiatives.

Key Performance Indicators (KPIs):

• Cost savings achieved through negotiations.
• On-time availability of materials.
• Supplier performance and quality compliance.
• Purchase cycle time reduction.
• Inventory optimization.