Purchase Executive

Job Title: Purchasing ExecutiveJob SummaryWe are looking for a detail-oriented and analytical Purchasing Executive to manage our procurement activities. You will be responsible for sourcing high-quality products/services, negotiating favorable contracts, and maintaining strong relationships with vendors to ensure a seamless supply chain that supports our business objectives.

• Key ResponsibilitiesSourcing & Vendor Management:
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• Identify and evaluate potential suppliers based on reliability, quality, and cost.
• Maintain an updated database of approved vendors.
• Perform periodic supplier performance audits to ensure compliance with company standards.
• Negotiation & Contracting:
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• Negotiate pricing, credit terms, and delivery schedules to maximize ROI.
• Prepare and review service level agreements (SLAs) and purchase contracts.
• Order Management:
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• Process purchase requisitions and convert them into Purchase Orders (POs) in the ERP system (e.g., SAP, Oracle, or Tally).
• Track orders from placement to delivery and resolve any delays or discrepancies.
• Inventory & Cost Control:
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• Monitor stock levels to avoid overstocking or stock-outs.
• Analyze market trends and pricing to identify cost-saving opportunities.
• Coordinate with the Finance department for timely invoice processing and payments.
• Quality Assurance:
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• Collaborate with the warehouse team to inspect incoming goods for damage or quality issues.
• Handle returns or replacements for rejected items.