The Purchase Executive is responsible for sourcing, negotiating, and purchasing materials, products, and services for the company while ensuring quality and cost-efficiency. The role also involves maintaining supplier relationships, ensuring timely delivery, and supporting inventory control.
Research and identify potential vendors and suppliers.
Obtain quotations, compare prices, and negotiate with suppliers for the best terms.
Issue purchase orders and ensure timely delivery of materials.
Monitor inventory levels and place orders when necessary.
Maintain accurate records of purchases, pricing, and other important data.
Coordinate with internal departments (e.g., Accounts, Stores, Production) to ensure smooth procurement processes.
Track order status and follow up with vendors for timely delivery.
Conduct regular market research to identify new trends and cost-saving opportunities.
Handle supplier complaints and resolve quality or delivery issues.
Prepare reports on purchases, including cost analyses.