Purchase Officer - Hyderabad, Telangana, India - BHAGYAVATI PLACEMENT & SERVICES
1 week ago
Description
Roles and Responsibilities:
- Develop and implement procurement strategies aligned with company goals and objectives.
- Identify reliable suppliers and negotiate favorable terms and pricing agreements for materials and services.
- Coordinate with internal stakeholders to assess procurement needs and prioritize purchasing activities accordingly.
- Monitor market trends and supplier performance to identify opportunities for cost savings and process improvements.
- Maintain accurate records of purchases, contracts, and pricing agreements in compliance with company policies and procedures.
- Collaborate with crossfunctional teams, including production, quality assurance, and logistics, to ensure seamless coordination of procurement activities.
- Manage supplier relationships and resolve any issues or disputes that may arise in a timely and professional manner.
- Stay informed about industry regulations and compliance requirements related to procurement and supply chain management.
- Mentor and train junior staff members to enhance their procurement skills and knowledge.
- Contribute to the development and implementation of best practices and standard operating procedures (SOPs) to optimize procurement processes and drive operational efficiency.
Qualifications and Experience:
- Bachelor's degree in Business Administration, Supply Chain Management, or a related field.
- 810 years of experience in procurement and supply chain management, preferably in the medical device or electronics manufacturing industry.
- Proven track record of successfully managing purchasing activities and achieving cost savings targets.
- Strong negotiation skills and ability to build and maintain effective relationships with suppliers.
- Excellent communication, problemsolving, and decisionmaking abilities.
- Proficiency in procurement software and MS Office Suite.
- Familiarity with industry regulations and compliance requirements related to procurement.
- Certification in supply chain management or procurement (e.g., CSCP, CPIM, CIPS) is a plus.
Job Types:
Full-time, Permanent
Pay:
From ₹360,000.00 per year
Benefits:
- Food provided
- Health insurance
- Life insurance
- Provident Fund
Schedule:
- Day shift
Supplemental pay types:
- Yearly bonus
Experience:
- Procurement management: 5 years (required)
Work Location:
In person
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