Purchase Executive-E

Terasol Technologies Pvt. Ltd.; Mumbai; On-site; INR 500,000 - 800,000; Full time

Job summary

A prominent procurement firm in Mumbai is seeking an experienced Procurement Specialist to manage sourcing, purchase order management, and supplier relationships. The candidate should have proven experience in procurement, strong negotiation skills, and proficiency in MS Office and ERP systems. The role involves ensuring compliance with regulations, maintaining accurate documentation, and supporting audits. This position offers a dynamic work environment while managing multiple priorities efficiently.

Qualifications

• Proven experience in procurement or a similar role, preferably in a relevant industry.
• Strong understanding of procurement processes, policies, and best practices.
• Excellent negotiation, communication, and interpersonal skills.

Responsibilities

• Identify, evaluate, and onboard suppliers for products and services.
• Prepare and issue purchase orders with accurate specifications and schedules.
• Monitor inventory levels for uninterrupted operations.
• Develop and maintain strong relationships with suppliers.
• Ensure compliance with company policies and maintain accurate procurement records.

Skills

Negotiation skills

Communication

Analytical skills

Problem-solving

Interpersonal skills

Coordination

Tools

MS Office (Excel, Word, Outlook)

ERP systems

Job description

Key Responsibilities

1. Sourcing and Procurement

• Identify, evaluate, and onboard suppliers and vendors for various products and services
• Compare suppliers based on pricing, quality standards, delivery timelines, and reliability
• Negotiate contracts, pricing, payment terms, and delivery conditions to achieve cost efficiency

2. Purchase Order Management

• Prepare and issue purchase orders with accurate specifications, quantities, and delivery schedules
• Track purchase orders and follow up with suppliers to ensure on-time delivery
• Coordinate with internal departments to align procurement requirements
• Resolve discrepancies related to purchase orders, invoices, and deliveries

3. Inventory Management

• Monitor inventory levels to ensure uninterrupted operations
• Coordinate with warehouse and logistics teams for timely stock replenishment
• Assist in inventory planning to minimize excess stock and avoid shortages

4. Supplier Relationship Management

• Develop and maintain strong, long-term relationships with suppliers and vendors
• Address supplier performance issues, quality concerns, and delivery delays
• Conduct regular supplier performance reviews

5. Compliance and Documentation

• Ensure all procurement activities comply with company policies, procedures, and statutory regulations
• Maintain accurate records of purchases, supplier contracts, pricing, and procurement documentation
• Support audits and internal reviews by providing required procurement data

Skills and Qualifications

Required Qualifications

• Proven experience in the Purchase/Procurement field or a similar role, preferably in a relevant industry
• Strong understanding of procurement processes, policies, and best practices
• Excellent negotiation, communication, and interpersonal skills
• Strong analytical, problem-solving, and decision-making abilities
• Proficiency in MS Office (Excel, Word, Outlook)
• Hands-on experience with ERP systems for purchase and inventory management

Preferred Skills

• Ability to manage multiple priorities in a fast-paced environment
• Strong coordination skills with internal teams and external vendors