Purchase Executive , Delhi

Location: NSP, Delhi
Working Days: 6 Days
Department: Procurement
Reports To: Head of Purchase or Supply Chain ManagerPosition Overview: The Purchase Executive is responsible for the procurement activities for the FMCG or Pharma industry. This includes sourcing suppliers, negotiating contracts, managing inventory levels,
and ensuring the timely acquisition of goods and services to meet company needs while optimizing cost and quality.Key Responsibilities:1. Supplier Management:
o Identify and evaluate potential suppliers.
o Develop and maintain strong relationships with existing suppliers.
o Negotiate terms and conditions with suppliers to secure favorable contracts and pricing.
o Monitor supplier performance and resolve any issues or disputes.
2. Procurement Strategy:
o Develop and implement procurement strategies aligned with the company’s goals and objectives.
o Analyze market trends and industry developments to identify new opportunities for cost savings and process improvements.
o Ensure compliance with company policies and industry regulations.
3. Purchase Orders and Inventory Management:
o Oversee the creation and processing of purchase orders.
o Monitor inventory levels and forecast future needs to ensure optimal stock levels.
o Coordinate with inventory and warehouse teams to manage stock and avoid overstocking or stockouts.4. Cost Management:
o Monitor and control procurement budgets.
o Identify opportunities for cost reduction and process efficiency.
o Prepare and present cost analysis reports and recommendations.
5. Quality Assurance:
o Ensure that purchased products meet quality standards and regulatory requirements.
o Address and resolve any quality issues with suppliers.
o Conduct regular audits and evaluations of supplier performance.
6. Documentation and Reporting:
o Maintain accurate and up-to-date records of purchase orders, supplier agreements, and other procurement documents.o Prepare regular reports on procurement activities, including cost analysis, supplier performance, and inventory levels.
o Provide insights and recommendations to senior management based on procurement data.
Qualifications:
 Bachelor’s degree in Supply Chain Management, Business Administration, or a related field. A Master’s degree or professional certification (e.g., CPSM, CPP) is a plus.
 4-7 years of experience in procurement or purchasing, preferably within the FMCG or Pharma industry.
 Strong knowledge of procurement processes, supplier management, and inventory control.
 Excellent negotiation, communication, and interpersonal skills.
 Ability to analyze market trends, data, and supplier performance.
 Experience using procurement software SAP,ERP, etc.
 Proficiency in procurement software and Microsoft Office Suite.
 Strong organizational and problem-solving skills with attention to detail.
Working Conditions:
 Office environment with occasional travel to supplier sites or other company locations.
 May require extended hours during peak periods or special projects.