Finance Executive

Dainik Bhaskar Group; Bhopal; On-site; INR 350,000 - 600,000; Full time

Job summary

Dainik Bhaskar Group in Bhopal is seeking a competent Procurement Executive to manage day-to-day purchasing, evaluate vendors, and ensure timely delivery of materials.

You will coordinate with internal teams, maintain vendor records, negotiate favorable terms, prepare POs, and monitor budgets while upholding company policies. Strong Excel skills and vendor management experience are required.

Qualifications

• Graduate with commerce/business/related field.
• Experience in procurement, purchasing, or vendor management.
• Good negotiation and vendor management skills.
• Proficiency in MS Excel and basic computer applications.
• Knowledge of purchase orders, quotations, invoices, and procurement documentation.

Responsibilities

• Handle day-to-day procurement and purchasing activities as per organizational requirements.
• Identify, evaluate, and negotiate with vendors to obtain competitive prices and favourable terms.
• Prepare and process purchase orders (POs) and ensure timely delivery of materials.
• Coordinate with internal departments to understand purchase requirements and ensure timely fulfilment.
• Maintain vendor databases, quotations, purchase records, and documentation.
• Compare vendor quotations and prepare comparative statements for approval.
• Monitor purchase orders, delivery schedules, and pending supplies.
• Ensure procurement is carried out within approved budgets and company policies.
• Build and maintain strong relationships with existing vendors and identify new suppliers.
• Coordinate with the Finance and Accounts teams for invoice verification and payment processing.
• Maintain MIS reports related to procurement, vendor performance, and cost savings.

Skills

Procurement

Vendor management

Negotiation

MS Excel

Documentation

Education

Bachelor's degree in Commerce or related field

Tools

MS Excel

Job description

Key Responsibilities

1. Handle day-to-day procurement and purchasing activities as per organizational requirements.
2. Identify, evaluate, and negotiate with vendors to obtain competitive prices and favourable terms.
3. Prepare and process purchase orders (POs) and ensure timely delivery of materials.
4. Coordinate with internal departments to understand purchase requirements and ensure timely fulfilment.
5. Maintain vendor databases, quotations, purchase records, and documentation.
6. Compare vendor quotations and prepare comparative statements for approval.
7. Monitor purchase orders, delivery schedules, and pending supplies.
8. Ensure procurement is carried out within approved budgets and company policies.
9. Build and maintain strong relationships with existing vendors and identify new suppliers.
10. Coordinate with the Finance and Accounts teams for invoice verification and payment processing.
11. Maintain MIS reports related to procurement, vendor performance, and cost savings.

Eligibility & Requirements

• Graduate in Commerce, Business Administration, Supply Chain Management, or a related field.
• Experience in procurement, purchasing, or vendor management.
• Good negotiation and vendor management skills.
• Proficiency in MS Excel and basic computer applications.
• Knowledge of purchase orders, quotations, invoices, and procurement documentation.