Senior Purchase Executive

As a Purchase Executive, you will play a crucial role in managing the inventory and raw material handling process efficiently. Your responsibilities will include overseeing procurement management, vendor management, inventory control, cost optimization, quality assurance & compliance, purchase planning & reporting, as well as collaboration & communication with internal stakeholders. In terms of procurement management, you will be responsible for procuring raw materials, components, and finished goods required for manufacturing processing and packaging equipment. Developing and implementing procurement strategies to optimize costs, maintain quality standards, and ensure timely delivery will be key aspects of your role. Additionally, you will analyze and negotiate contracts with suppliers to establish favorable terms and long-term partnerships. Vendor management will involve identifying, assessing, and on-boarding new suppliers while maintaining strong relationships with existing vendors. Regular vendor evaluations based on quality, cost, delivery timelines, and compliance will be necessary, and you will also need to resolve any supplier-related issues or disputes to ensure uninterrupted supply chain operations. Monitoring inventory levels to ensure optimal stock levels, collaborating with production and warehouse teams to forecast demand, and implementing inventory management practices to reduce costs and improve operational efficiency will fall under your inventory control & management responsibilities. You will also work towards reducing purchase costs through effective negotiation and sourcing strategies, analyze market trends, price fluctuations, and product availability to make informed purchasing decisions, and evaluate cost-saving opportunities while maintaining quality and compliance standards. Ensuring that all purchased materials meet the required quality standards, collaborating with the quality assurance team for inspections and audits, and maintaining compliance with industry regulations and company policies will be crucial for quality assurance & compliance. You will also develop and maintain purchase plans and budgets, prepare regular reports on purchase orders, vendor performance, inventory status, and cost analysis for management review, and utilize ERP systems for purchase order management and accurate record-keeping. Collaboration and communication will be key as you work closely with production, engineering, and finance teams to ensure timely availability of materials for ongoing projects. Coordinating with suppliers for delivery schedules, shipment tracking, and order modifications, as well as building effective communication channels with internal stakeholders to provide procurement support will be essential. To excel in this role, you should have a Bachelor's degree and 2-10 years of experience in the purchase/procurement department, preferably in manufacturing or engineering industries. Strong technical knowledge of equipment used in various industries, negotiation skills, analytical skills, proficiency in software such as ERP systems and Microsoft Excel, as well as good communication skills are required. Additionally, familiarity with inventory management software, excellent organizational skills, and the ability to work under pressure will be beneficial. This full-time position is based in Vasai (East) with bus facility available from Vasai Station for easy commuting. Other benefits such as bonuses and holidays will be available after one year. The work schedule is during the day shift, and in-person work is required.,