A Purchase Executive manages the end-to-end procurement process, including sourcing suppliers, negotiating contracts, issuing purchase orders, and maintaining inventory records to ensure cost-effective, high-quality acquisition of goods. They often require a bachelor’s degree in business, commerce, or supply chain management and 1-3 years of experience.
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Key Responsibilities
Supplier Management: Identifying, evaluating, and negotiating with vendors to secure favorable terms.
Procurement Process: Processing purchase requisitions and creating purchase orders (POs).
Documentation: Maintaining accurate records of purchases, pricing, and supplier performance.
Inventory Control: Monitoring stock levels to optimize inventory costs and minimize waste.
Reporting: Preparing daily/weekly purchase status reports for management.
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Key Requirements & Skills
Education: Bachelor’s degree in Commerce, Business Administration, or Supply Chain Management.
Experience: MIDDLE AGED with adequate years of experience in procurement, preferably in manufacturing or related industries.
Skills: Strong negotiation, analytical, and communication skills.