Purchas Executive

Overview

Job Summary:
The Purchase Executive is responsible for managing the procurement process, ensuring the timely and cost-effective acquisition of materials, goods, and services required for manufacturing operations. The role involves supplier management, cost optimization, and adherence to quality standards and organizational policies.

Key Responsibilities:
– Understand production schedules and forecast material requirements.
– Identify, evaluate, and negotiate with vendors to establish long-term partnerships.
– Ensure the timely delivery of materials by coordinating with suppliers.
– Conduct vendor performance evaluations based on quality, cost, and delivery timelines.
– Negotiate pricing and payment terms to achieve cost savings without compromising quality.
– Monitor and control procurement budgets.
– Collaborate with the inventory team to maintain optimal stock levels.
– Avoid overstocking and stockouts by planning procurement activities efficiently.
– Ensure purchased materials meet quality standards and specifications.
– Coordinate with the quality control team for inspections and approvals.
– Prepare and maintain purchase orders, contracts, and related documentation.
– Ensure compliance with company policies and regulatory requirements.
– Stay updated on market trends, pricing, and supplier capabilities.
– Identify opportunities for process improvement and cost reduction.
– Work closely with production, inventory, and finance teams to streamline procurement operations.
Key Skills and Competencies:
– Strong negotiation and communication skills.
– Proficiency in procurement software and ERP systems.
– Analytical thinking and problem-solving abilities.
– Knowledge of supply chain management and vendor evaluation.
– Familiarity with manufacturing processes and material specifications.

Qualifications and Experience:
– Education: Bachelor’s degree in Supply Chain Management, Business Administration, or a related field.
– Experience: 2-4 years of experience in procurement, preferably in the manufacturing industry.