Role Overview
The Purchase Executive is responsible for sourcing, negotiating, and procuring goods and services required for business operations while ensuring cost efficiency, quality standards, and timely delivery.
Key Responsibilities1. Procurement & Vendor Management
- Identify and evaluate vendors based on quality, cost, and reliability
- Develop and maintain strong vendor relationships
- Source materials, products, and services as per organizational needs
2. Purchase Planning & Execution
- Raise purchase orders (POs) based on approved requirements
- Ensure timely procurement to avoid stock shortages or project delays
- Monitor order status and ensure on-time delivery
3. Cost Optimization & Negotiation
- Negotiate pricing, payment terms, and contracts with vendors
- Compare quotations and finalize cost-effective deals
- Identify opportunities for cost savings and value engineering
4. Inventory Coordination
- Coordinate with stores/warehouse for stock availability and requirements
- Maintain optimal inventory levels and avoid overstocking or stockouts
- Track consumption patterns and forecast future needs
5. Documentation & Compliance
- Maintain purchase records, vendor contracts, and documentation
- Ensure compliance with company policies and procurement procedures
- Process invoices and coordinate with finance for payments
6. Coordination & Reporting
- Work closely with internal teams (projects, operations, finance)
- Prepare procurement reports, MIS, and vendor performance reports
- Resolve issues related to quality, delivery, or pricing
Key Skills & Competencies
- Strong negotiation and vendor management skills
- Good analytical and cost comparison abilities
- Attention to detail and documentation skills
- Knowledge of procurement processes and supply chain
- Proficiency in MS Excel / ERP systems
Qualifications & Experience
- Bachelor’s degree in Commerce, Supply Chain, or related field
- 2–6 years of experience in procurement or purchasing
- Experience in real estate / construction / manufacturing preferred
Job Type: Full-time
Pay: ₹400,000.00 - ₹500,000.00 per year
Benefits:
Work Location: In person
