Purchase Executive - Mumbai, India - Nexus Hire

Description

Overview:

The PurchaseExecutive plays a crucial role in the procurement and supply chainmanagement of the organization. They are responsible for sourcingpurchasing and ensuring timely delivery of highquality goods andservices at the best possible cost.

KeyResponsibilities:

• Conducting marketresearch to identify potential suppliers and evaluate theirproducts and services
• Negotiating pricing termsand contracts with suppliers to secure favorable terms for theorganization
• Coordinating with internalstakeholders to understand their purchasing needs andrequirements
• Preparing and processing purchaseorders and ensuring timely delivery of materials andservices
• Monitoring and maintaining optimalinventory levels to meet demand while minimizing excessinventory
• Developing and implementingprocurement strategies to improve efficiency andcosteffectiveness
• Collaborating with vendorsand maintaining strong supplierrelationships
• Identifying costsavingopportunities and implementing cost reductioninitiatives
• Ensuring compliance withprocurement policies procedures andregulations
• Conducting regular supplierperformance evaluations
• Resolving supply chainand logistics issues to minimizedisruptions
• Participating in supplier selectionand qualification processes
• Coordinating withfinance and accounting departments for invoice processing andpayment
• Utilizing procurement software andtools to enhance purchasing processes and dataanalysis
• Contributing to the development andimplementation of purchasing strategies and bestpractices

RequiredQualifications:

• Bachelors degree inBusiness Administration Supply Chain Management or relatedfield
• Proven experience working in a purchasingor procurement role
• Strong negotiation andcommunication skills
• Proficient in vendormanagement and relationship building
• Excellentanalytical and problemsolving abilities
• Indepthknowledge of procurement processes and bestpractices
• Good understanding of inventorycontrol and demand forecasting
• Ability to workin a fastpaced and dynamicenvironment
• Proficiency in procurement softwareand tools
• Understanding of supply chainmanagement principles
• Strong attention todetail and accuracy
• Ability to prioritize andmanage multiple taskssimultaneously
• Familiarity with legal andcontractual aspects of procurement
• Knowledge ofindustry trends and marketdynamics
• Certification in purchasing or supplychain management is aplus

negotiation,procurement,vendormanagement,analytical thinking,inventory control,supply chainmanagement