Procurement Executive

Job Summary:

The Procurement / Purchase Executive will be responsible for sourcing, negotiating, and purchasing materials, equipment, and services required by the organization. The role involves ensuring cost-effectiveness, timely delivery, vendor management, and maintaining quality standards in line with company policies and project requirements.

Key Responsibilities:

• Identify, evaluate, and develop reliable suppliers and vendors.
• Request and compare quotations, negotiate prices, terms, and contracts.
• Prepare purchase orders and ensure timely delivery of goods/services.
• Maintain and update supplier information, price lists, and purchase records.
• Monitor inventory levels and coordinate with the store/warehouse team to ensure stock availability.
• Develop and maintain strong vendor relationships to achieve long-term benefits.
• Ensure compliance with company policies, quality standards, and statutory requirements.
• Assist in budgeting and cost-control measures related to procurement.
• Track and resolve any issues related to delivery, quality, or payment with suppliers.
• Provide periodic reports on procurement activities, cost savings, and supplier performance.

Key Skills & Competencies:

• Strong negotiation and communication skills.
• Knowledge of procurement processes, supply chain, and inventory management.
• Good analytical and problem-solving abilities.
• Proficiency in MS Office (Excel, Word, PowerPoint) and ERP systems.
• Ability to multitask and meet deadlines.
• Attention to detail and strong organizational skills.

Qualifications & Experience:

• Bachelor’s degree in Supply Chain, Business Administration, Commerce, or related field.
• 2–5 years of experience in procurement/purchase function (industry-specific experience preferred).
• Knowledge of vendor management, purchase contracts, and logistics.