Purchase Exicutive - Faridabad, India - Workis Solution

Description

Overview:

The PurchaseExecutive plays a crucial role in the procurement process of theorganization ensuring that goods and services are acquired in acosteffective and timely manner. They are responsible formaintaining strong relationships with suppliers conducting marketresearch and negotiating contracts to optimize the organizationsprocurement activities.

KeyResponsibilities:

• Identifyprocurement needs and develop purchaseplans.
• Conduct market analysis to identifypotential suppliers and trends.
• Negotiatepricing and terms with vendors to secure advantageouscontracts.
• Coordinate with internal departmentsto determine procurement needs andspecifications.
• Monitor and track purchaseorders to ensure ontime delivery.
• Managesupplier relationships and resolve any issues ordisputes.
• Review and analyze purchase requestsand ensure adherence to procurementpolicies.
• Ensure compliance with legal andethical standards in all procurementactivities.
• Assess supplier capabilities andconduct supplier performanceevaluations.
• Implement costsaving initiativesand strategies for efficient procurementprocesses.
• Monitor market trends and industrydevelopments to make strategic procurementdecisions.
• Prepare and maintain accurateprocurement records anddocumentation.
• Collaborate with finance andaccounting teams to reconcile invoices andpayments.
• Participate in the selection andqualification of new suppliers.
• Provide regularreports and updates on procurement activities tomanagement.

RequiredQualifications:

• Bachelors degree inBusiness Administration Supply Chain Management or relatedfield.
• Proven experience as a PurchaseExecutive or in a similar procurementrole.
• Strong knowledge of procurement processespolicies and procedures.
• Excellent negotiationand communication skills.
• Ability to analyzemarket trends and perform supplierevaluations.
• Proficiency in contract managementand vendor relationship management.
• Familiaritywith supply chain management principles and bestpractices.
• Good understanding of financialanalysis and cost optimization.
• Ability to workin a fastpaced and dynamicenvironment.
• Attention to detail and stronganalytical abilities.
• Proficient in usingprocurement software and tools.
• Certificationin procurement or supply chain management is aplus.
• Proactive and resultsdriven approach toprocurement activities.
• Ability to prioritizetasks and manage multiple projectssimultaneously.
• Strong ethical values andintegrity in procurementpractices.

negotiation,supply chainmanagement,vendor management,marketanalysis