Purchase Executive

Key Responsibilities:

• Strategic Sourcing:

• Develop and implement sourcing strategies to ensure the timely and cost-effective procurement of materials, tools, and equipment required for mining operations.

• Identify and evaluate potential suppliers and vendors, maintaining strong relationships and negotiating contracts to secure favorable terms and pricing.

• Procurement Management:

• Supervise the procurement team in issuing purchase orders, contracts, and agreements in compliance with company policies and procedures.

• Monitor procurement activities to ensure adherence to budgetary constraints and project timelines, resolving any issues or delays as necessary.

• Supplier Relationship Management:

• Foster and maintain strategic partnerships with key suppliers and vendors, conducting regular performance reviews and addressing any concerns or issues that may arise.

• Collaborate with suppliers to drive continuous improvement initiatives, such as cost reductions, quality enhancements, and process efficiencies.

• Inventory Control and Management:

• Oversee inventory levels and stock replenishment processes, working closely with warehouse and inventory teams to optimize stock levels and minimize carrying costs.

• Implement inventory control measures to prevent stockouts and excess inventory, ensuring the availability of materials and equipment as needed.

• Contract Negotiation and Management:

• Lead negotiations with suppliers to establish favorable terms and conditions, including pricing, delivery schedules, and payment terms.

• Review and manage supplier contracts and agreements, ensuring compliance with legal and regulatory requirements and mitigating any contractual risks.

• Cost Analysis and Optimization:

• Conduct cost analysis and market research to identify cost-saving opportunities and optimize procurement strategies.

• Develop and implement cost reduction initiatives while maintaining quality standards and meeting operational requirements.

• Documentation and Reporting:

• Maintain accurate records of procurement activities, including purchase orders, contracts, and supplier communications.

• Generate reports on procurement performance, spending analysis, and cost savings achievements, providing insights and recommendations to management.

• Compliance and Risk Management:

• Ensure compliance with company policies, procedures, and regulatory requirements in all procurement activities.

• Identify and mitigate potential risks related to procurement, such as supply chain disruptions, supplier dependencies, and regulatory compliance issues.

Qualifications and Skills:

• Bachelor’s degree in Business Administration/ Purchase /Procurement Courses/ BE in Mechanical

• Proven experience in procurement, preferably in the mining tools or heavy equipment industry or any other industrial products.

• Candidates with mechanical background preferred.

• Strong leadership and team management skills, with the ability to motivate and develop a high-performing procurement team.

• Excellent negotiation, communication, and interpersonal skills, with the ability to build and maintain relationships with internal stakeholders and external suppliers.

• Proficiency in procurement software and Microsoft Office applications.

• In-depth knowledge of procurement best practices, supply chain management principles, and relevant regulations.

• It is a Full Time Back Office / Data Entry job for candidates with Freshers.

More about this Purchase Executive job

1. What is the eligibility criteria to apply for this Purchase Executive job?
   Ans: The candidate should be Diploma and above and above with Freshers of experience
2. How much salary can I expect for this job role?
   Ans: You can expect a salary of ₹30000 - ₹40000 per month that depends on your interview. It's a Full Time job in Mumbai.
3. How many working days are there for this Purchase Executive job?
   Ans: This Purchase Executive job will have 6 working days.
4. Are there any charges applicable while applying or joining this Purchase Executive job?
   Ans: No, there is no fee applicable for applying this Purchase Executive job and during the employment with the company, i.e., RAMA MINING TOOLS PRIVATE LIMITED.
5. Is it a work from home job?
   Ans: No, it’s not a work from home job and can't be done online.
6. How many openings are there for this Purchase Executive role?
   Ans: There is an immediate opening of 2 Purchase Executive at RAMA MINING TOOLS PRIVATE LIMITED
7. Who can apply for this job?
   Ans: Both Male and Female candidates can apply for this Back Office / Data Entry job.
8. What are the timings of this Purchase Executive job?
   Ans: This Purchase Executive job has 09:30 AM - 06:30 PM timing.