Sr. Officer-Purchase

Stellar Formulations; Silvassa; On-site; INR 600,000 - 1,000,000; Full time

Job summary

Stellar Formulations seeks a procurement professional in India to manage strategic purchasing, negotiate contracts, and coordinate with staff and suppliers to ensure timely deliveries.

You will analyze price proposals, monitor inventories, and streamline processes while maintaining compliance with quality standards and vendor agreements.

Qualifications

• Experience in strategic procurement and purchasing.
• Strong negotiation and vendor management skills.
• Familiarity with supplier evaluation and selection.

Responsibilities

• Analyze price proposals, financial reports, and information to determine reasonable prices.
• Negotiate contracts on behalf of the organization.
• Attend meetings, trade shows, and conferences to learn industry trends and network with suppliers.
• Meet staff and vendors to discuss defects and corrective actions.
• Evaluate contracts to ensure compliance and identify changes.
• Maintain records of purchases, costs, deliveries, and inventories.
• Coordinate with suppliers on delivery schedules and stock levels.
• Evaluate supplier performance based on price, quality and delivery speed.
• Streamline procurement processes and manage long-term supplier contracts.
• Ensure goods receipt and adherence to quality standards.
• Track raw materials movement and reconcile inventory.
• Resolve issues with vendors and assist ISO performance reviews.

Skills

Price negotiation

Vendor management

Procurement

Contract management

Inventory management

Supplier sourcing

Purchase orders

Job description

Role & responsibilities

• Analyze price proposals, financial reports, and other information to determine reasonable prices
• Negotiate contracts on behalf of their organization
• Attend meetings, trade shows, and conferences to learn about new industry trends and make contacts with suppliers
• Meet with staff and vendors to discuss defective or unacceptable goods or services and determine corrective action
• Evaluate and monitor contracts to be sure that vendors and supplies comply with the terms and conditions of the contract and to determine the need for changes
• Maintain and review records of items bought, costs, deliveries, product performance, and inventories
• Work out agreements with suppliers, such as when products will be delivered
• Evaluate suppliers based on price, quality, and delivery speed
• Interview vendors and visit suppliers' plants and distribution centers to examine and learn about products, services, and prices
• Streamline procurement processes
• Authorize and evaluate goods receipt, and ensure adherence to quality
• Manage and adhere to long-term contracts with suppliers
• Ensure adequate stock levels
• Support and coordinate with the various departments particularly with accounts with ease
• Track both the movement of raw materials and subcontracted goods sent to the subcontractor and the reconciliation of inventory
• Work closely with suppliers to ensure effective support
• Record all transactions and periodically conduct ageing analysis
• Responsible to source, negotiate and purchase materials from both local and oversea vendors
• Evaluate vendor's quotation to ensure that they are in line with the technical and commercial specifications required for the project
• Advise internal and external on issues regarding purchasing Terms & Conditions
• In charge of daily operational purchasing needs such as planning, issuing and following up on Purchase Orders delivery and shipment schedules
• Resolve supply, quality, service and invoicing issues with vendors
• Assist in ISO Annual Performance Review for vendors
• Evaluate supplier performance based on quality standards, delivery time & best prices and ensure all the criteria are met according to the organizational requirements and expectation
• Responsible for implementing internal procurement strategies to cater to high delivery and short lead time requirements
• Undertake any other ad-hoc duties as assigned