Purchase Executive - Hyderabad, India - VM Modular Solutions Pvt Ltd

Description

Role: Purchase Executive

Responsibilities

1. Order Processing: Place orders for materials, equipment, or services as per company needs and budgets.

2. Vendor Management: Identify and evaluate suppliers, negotiate prices, and establish good relationships to

ensure timely delivery and quality products.

3. Inventory Management: Monitor and maintain inventory levels, ensuring stock availability while minimizing

excess inventory costs.

4. Price Negotiation: Negotiate with suppliers to get the best prices and terms for purchases.

5. Budget Management: Work within the allocated budget for purchases, ensuring cost-effectiveness.

6. Documentation: Maintain accurate records of purchases, invoices, and contracts for reference and auditing.

7. Quality Control: Ensure purchased products or materials meet company quality standards and specifications.

8. Communication: Coordinate with various departments to understand their requirements and provide timely

updates on order statuses.

9. Research: Stay updated with market trends, new products, and suppliers to make informed purchasing

decisions.

10. Problem Solving: Address any issues or delays in deliveries, payments, or quality and find effective solutions.

11. Compliance: Adhere to company policies, procedures, and regulatory requirements related to purchasing

activities.

Educational Qualifications

A Bachelor's degree in Business Administration, Supply Chain Management or a

related field is often preferred.

Experience

Prior experience in a purchasing or procurement role, preferably in the relevant industry, is often required.

Salary: 45,000 per month (CTC)