Purchase Executive

Narsingh Ispat; Seraikela Kharsawan; On-site; INR 600,000 - 900,000; Full time

Job summary

Narsingh Ispat is seeking an experienced procurement professional to lead contract management, vendor management and service procurement. The role focuses on maintaining service contracts, pursuing cost efficiencies, and ensuring compliance with company policies.

You will coordinate with internal stakeholders, negotiate favorable terms, monitor performance, and prepare POs and service orders per approved requirements.

Qualifications

• Bachelor's degree in a related field.
• 4 years of experience in Purchase/Procurement, Contract Management, Vendor Management, or Service Procurement.
• Experience in handling service contracts and commercial negotiations will be preferred.

Responsibilities

• Manage and maintain service contracts, agreements, work orders, and purchase orders.
• Monitor contract validity, renewal dates, terms, pricing, and service-level requirements.
• Ensure contracts are executed as per company policies and approved terms.
• Coordinate contract renewals, amendments, and closures.
• Handle procurement of various services as per business requirements.
• Collect requirements from different departments and identify suitable service providers.
• Obtain and compare quotations, negotiate rates, and ensure competitive pricing.
• Prepare purchase orders and service orders as per approved requirements.
• Identify, evaluate, and onboard suitable service vendors.
• Monitor vendor performance, quality, timelines, and compliance.
• Maintain vendor records, agreements, quotations, and relevant documentation.
• Coordinate with vendors to resolve service-related issues.
• Negotiate service rates, commercial terms, payment terms, and contract conditions.
• Ensure procurement is within approved budgets.
• Track contract costs and identify opportunities for cost savings.
• Verify invoices against purchase orders, contracts, and actual services delivered.
• Ensure all procurement and service contracts comply with company policies and applicable requirements.
• Maintain proper documentation and records of contracts, quotations, approvals, POs, and vendor communications.
• Support internal and external audits by providing required procurement documents.

Skills

Contract management

Vendor management

Procurement

Negotiation

Education

Bachelor's degree

Job description

Role & responsibilities

• Contract Management
  • Manage and maintain service contracts, agreements, work orders, and purchase orders.
  • Monitor contract validity, renewal dates, terms, pricing, and service-level requirements.
  • Ensure contracts are executed as per company policies and approved terms.
  • Coordinate contract renewals, amendments, and closures.
• Service Procurement
  • Handle procurement of various services as per business requirements.
  • Collect requirements from different departments and identify suitable service providers.
  • Obtain and compare quotations, negotiate rates, and ensure competitive pricing.
  • Prepare purchase orders and service orders as per approved requirements.
• Vendor Management
  • Identify, evaluate, and onboard suitable service vendors.
  • Monitor vendor performance, quality, timelines, and compliance.
  • Maintain vendor records, agreements, quotations, and relevant documentation.
  • Coordinate with vendors to resolve service-related issues.
• Cost & Commercial Management
  • Negotiate service rates, commercial terms, payment terms, and contract conditions.
  • Ensure procurement is within approved budgets.
  • Track contract costs and identify opportunities for cost savings.
  • Verify invoices against purchase orders, contracts, and actual services delivered.
• Compliance & Documentation
  • Ensure all procurement and service contracts comply with company policies and applicable requirements.
  • Maintain proper documentation and records of contracts, quotations, approvals, POs, and vendor communications.
  • Support internal and external audits by providing required procurement documents.

Preferred candidate profile

• Bachelor's degree in Supply Chain Management, Procurement, Business Administration, Commerce, or a related field.
• 4 years of experience in Purchase/Procurement, Contract Management, Vendor Management, or Service Procurement.
• Experience in handling service contracts and commercial negotiations will be preferred.