Purchase Executive

The Purchase Executive will be responsible for handling the procurement of goods and services for the company. This role involves identifying suppliers, negotiating prices and terms, placing orders, managing inventory, and ensuring the timely delivery of products. The Purchase Executive will work closely with internal departments, vendors, and external stakeholders to ensure smooth purchasing operations and cost-effective procurement.

Key Responsibilities:

• Vendor Management:

  • Identify and evaluate potential suppliers and vendors based on quality, price, and reliability.

  • Negotiate prices, payment terms, and delivery schedules with suppliers to ensure favorable contracts.

  • Maintain strong relationships with existing suppliers and resolve any disputes or issues that arise.

• Order Management:

  • Place and track purchase orders in accordance with inventory needs and production schedules.

  • Ensure timely delivery of materials and products as per agreed timelines.

  • Coordinate with internal teams to ensure that the correct quantities, quality, and specifications of goods are ordered.

• Inventory Control:

  • Monitor and manage stock levels, ensuring that the inventory is maintained at optimal levels without overstocking.

  • Forecast future material requirements and prepare purchase plans accordingly.

  • Work with the finance and logistics teams to ensure smooth coordination and tracking of inventory.

• Procurement Documentation:

  • Prepare purchase orders and ensure all necessary documentation (e.g., contracts, delivery receipts, invoices) is accurate and up-to-date.

  • Maintain records of all transactions, purchase orders, and supplier communication for audit purposes.

• Cost Management:

  • Assist in preparing and maintaining the procurement budget and ensure purchases are made within budgetary limits.

  • Regularly review supplier pricing, identify cost-saving opportunities, and implement improvements to procurement processes.

• Quality Assurance:

  • Ensure that all purchased products meet the company’s quality standards.

  • Conduct quality checks on incoming goods and liaise with suppliers to address any product discrepancies or issues.

• Communication & Coordination:

  • Communicate with suppliers, logistics, and internal departments to ensure smooth flow of goods and services.

  • Address any delays, discrepancies, or issues with product delivery or quality.

• Reporting:

  • Provide regular reports on procurement activities, expenditure, supplier performance, and inventory status to management.

• It is a Full Time Manufacturing job for candidates with 1 - 2 years of experience.

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 1 - 2 years of experience of experience
2. How much salary can I expect for this job role?
   Ans: You can expect a salary of ₹20000 - ₹35000 per month that depends on your interview. It's a Full Time job in Bangalore.
3. How many working days are there for this Purchase Executive job?
   Ans: This Purchase Executive job will have 5 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., Serente Electronics 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 1 Purchase Executive at Serente Electronics Private Limited
7. Who can apply for this job?
   Ans: Only Male candidates can apply for this Manufacturing job.
8. What are the timings of this Purchase Executive job?
   Ans: This Purchase Executive job has Day Shift.