Purchase Executive

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We are seeking a highly organized and analytical Purchase Executive to join our dynamic team in Sipcot,Chennai. As a key member of our procurement department, you will be responsible for managing the purchasing process, negotiating contracts, and ensuring cost-effective procurement of goods and services for our organization.

• Develop and implement effective purchasing strategies to optimize cost savings and improve operational efficiency
• Manage vendor relationships, negotiate contracts, and secure favorable terms with suppliers
• Analyze market trends, pricing data, and supplier performance to make informed purchasing decisions
• Collaborate with internal stakeholders to understand their requirements and ensure timely procurement of goods and services
• Maintain accurate records of purchases, contracts, and inventory levels
• Conduct regular cost analysis and identify opportunities for cost reduction
• Ensure compliance with company policies, industry standards, and regulatory requirements
• Implement and maintain inventory control systems to optimize stock levels and minimize waste
• Prepare and analyze procurement reports to support decision-making processes
• Stay updated on local and international industry trends and best practices in procurement and supply chain management
• Navigate import/export regulations and customs procedures for international purchases

• Bachelor's degree in Supply Chain Management, Business Administration, or a related field
• 2-5 years of experience in procurement or a similar role
• Proven experience in managing vendor relationships and negotiating contracts
• Strong analytical skills with the ability to interpret data and identify trends
• Excellent negotiation skills and the ability to secure favorable pricing and terms
• Proficiency in cost analysis and budget management
• Strong problem-solving and decision-making abilities
• Excellent written and verbal communication skills
• Ability to work efficiently under pressure and meet deadlines
• Familiarity with procurement software and proficiency in Microsoft Office Suite
• Knowledge of inventory control and optimization techniques
• Understanding of compliance requirements and industry standards in procurement
• Strong organizational skills and attention to detail