Sr. Executive Purchase/Asst.Manager Purchase

Job Description:

Key Responsibilities:

Supplier Sourcing & Management: Identify, evaluate, and manage suppliers to ensure the best prices, quality, and delivery times. Build strong relationships with key suppliers.
Procurement Planning: Monitor inventory levels and coordinate with various departments to forecast material and product needs. Place orders based on project or production requirements.
Price Negotiation: Negotiate pricing, terms, and conditions with suppliers to ensure cost-effectiveness and favorable terms for the organization.
Order Management: Process purchase orders, ensuring all necessary details are captured, and track orders to ensure timely delivery.
Inventory Management: Monitor and maintain optimal inventory levels to avoid stockouts or overstocking. Work closely with the warehouse and inventory teams.
Quality Control: Ensure purchased materials/products meet the company’s quality standards and specifications.
Vendor Performance Monitoring: Track supplier performance on quality, cost, and delivery timelines. Resolve any supply chain or quality issues as they arise.
Documentation & Reporting: Maintain accurate records of purchases, contracts, and supplier communications. Provide regular reports to management regarding purchasing activities and savings.
Compliance: Ensure adherence to internal policies, legal regulations, and industry standards regarding procurement practices.
Cost Management: Identify opportunities for cost reduction without compromising quality. Stay updated on market trends and material costs.
Skills and Qualifications:

Educational Requirements: Bachelor's degree in Business, Supply Chain Management, or related field. Certification in purchasing or procurement (e.g., CIPS) is a plus.