Purchase Executive

Job Summary

We are looking for a Purchase Executive with experience in the manufacturing industry to manage procurement activities, vendor coordination, purchase orders, material availability, and commercial negotiations. The candidate should have good knowledge of raw materials, consumables, components, vendor management, inventory coordination, and purchase processes.

Job description

• Handle day-to-day purchase and procurement activities for raw materials, components, consumables, tools, spares, and other production requirements.
• Identify, evaluate, and develop new suppliers/vendors based on quality, price, delivery, and reliability.
• Coordinate with existing vendors for quotations, price negotiations, delivery schedules, and payment terms.
• Prepare and process Purchase Requisitions (PR) and Purchase Orders (PO) as per company procedures.
• Coordinate with Production, teams to understand material requirements.
• Ensure timely procurement of materials to avoid production delays and stock-outs.
• Follow up with suppliers for order confirmation, dispatch, delivery, and pending materials.
• Monitor supplier performance related to quality, cost, delivery, and service.
• Maintain purchase records, vendor databases, quotations, comparative statements, POs, invoices, and other procurement documentation.
• Support cost reduction and vendor development initiatives.
• Monitor market prices and identify opportunities for cost savings and alternate sourcing.
• Prepare regular reports on purchase status, pending orders, vendor performance, and procurement costs.

Preferred Skills

• Good knowledge of Purchase / Procurement.
• Strong vendor management and negotiation skills.
• Experience in RFQ, quotation comparison, rate negotiation, PO processing, and follow-ups.
• Good understanding of inventory and material planning.