The Purchase Executive will be responsible for sourcing, vendor coordination, purchase order processing, cost negotiation, and ensuring timely procurement of raw materials, consumables, and production-related items. The role requires strong negotiation skills, vendor management capabilities, and coordination with production, stores, and accounts departments to ensure uninterrupted manufacturing operations.
Identify and develop reliable vendors for raw materials, components, consumables, and services.
Obtain quotations, prepare comparative statements, and negotiate pricing.
Ensure quality, cost-effectiveness, and timely delivery of materials.
Issue Purchase Orders (POs) as per approved requisitions.
Maintain strong relationships with existing suppliers.
Evaluate vendor performance (quality, delivery, pricing).
Coordinate for new vendor development and documentation.
Coordinate with Production and Stores for material requirements.
Ensure timely follow-up with suppliers for on-time delivery.
Resolve supply-related issues and discrepancies.
Maintain purchase records, quotations, and vendor databases.
Verify invoices with PO and GRN before forwarding to Accounts.
Ensure compliance with company procurement policies.
Work towards cost reduction through negotiation and alternate sourcing.
Monitor market trends and price fluctuations.