Purchase Officer

Position: Purchase OfficerLocation: Kolkata, India

Qualification: B.tech Engineer or Commerce Graduate 

Key Responsibilities:1.  Procurement Management:o Identify and source quality materials, components, and equipment from reliable vendors.

o Evaluate supplier quotations to ensure the best pricing and quality.

o Develop and maintain a preferred vendor list.

2.  Costing and Budget Management:o Prepare detailed cost analyses for materials and purchases.

o Monitor procurement budgets to ensure adherence to financial goals.

o Negotiate cost reductions with suppliers while maintaining quality standards.

3.  Vendor Relationship Management:o Maintain professional relationships with suppliers for long-term partnerships.

o Evaluate vendor performance regularly in terms of pricing, delivery timelines, and quality.

o Resolve disputes or issues with suppliers effectively.

4.  Inventory and Logistics

Coordination:o Coordinate with inventory and stores teams to track stock levels.

o Ensure timely delivery of materials to prevent production delays.

o Manage logistics to minimize lead time and cost.

5.  Documentation and Compliance:o Maintain accurate purchase records, including purchase orders and invoices.

o Ensure compliance with organizational and regulatory standards for procurement.

o Assist in internal and external audits related to procurement activities.

6.  Market Analysis and Research:o Conduct market research to identify emerging trends, new suppliers, and cost-saving opportunities.

o Stay updated on industry practices and technological advancements.

7.  Cross-Functional Collaboration:o Work closely with the production, finance, and quality control teams for alignment on requirements.

o Participate in meetings to understand material requirements and project needs.

8.  Reporting and MIS:o Generate and present periodic reports on procurement activities, cost savings, and vendor performance.

o Analyze procurement data to identify opportunities for process improvements.