Purchase Executive

Job Overview

We are seeking a Purchase Executive to join a manufacturing company located in Parrys, Chennai. This role entails managing procurement activities primarily focused on TMT bars and related raw materials, ensuring operational efficiency and cost effectiveness.

Main Responsibilities

• Source, assess, and cultivate supplier relationships for TMT bars and raw materials.
• Conduct negotiations on prices, contracts, payments, and delivery timelines.
• Analyze market trends related to material costs and implement strategies to reduce expenses.
• Issue purchase orders and ensure timely acquisition of required materials.
• Monitor supplier deliveries and proactively resolve any delays or shortages.
• Inspect incoming materials to confirm they comply with quality standards and manage discrepancies.
• Keep inventory levels optimal by coordinating timely replenishments.
• Maintain detailed records of purchases, invoices, contracts, and vendor profiles within the ERP system.
• Work closely with production and warehouse teams to uphold smooth material availability for manufacturing demands.
• Collaborate with warehouse staff to verify receipt of goods, maintain quality assurance, and update stock records.
• Adhere strictly to company procurement policies and procedures.
• Prepare procurement-related reports, including budget assessments and purchasing activities for management review.

Qualifications and Skills

• Bachelor's degree in Engineering (Mechanical or Electrical preferred) or an allied field.
• Between 3 to 7 years of experience in procurement or purchasing within a manufacturing context.
• Practical familiarity with ERP software is advantageous.
• Strong skills in negotiation, planning, organizing, and coordination.
• Analytical mindset with a focus on managing costs effectively.
• Excellent communication abilities and adeptness in collaborating across various teams.
• Self-driven, detail-focused, and skilled in managing multiple procurement tasks simultaneously.

Compensation and Work Environment

• Annual salary ranging from ₹300,000 to ₹400,000, dependent on experience.
• Opportunity to work within a progressive and rapidly growing manufacturing enterprise.
• Exposure to a vibrant and expanding business atmosphere.
• Supportive, collaborative workplace offering opportunities for professional growth and learning.

Additional Information

Interested candidates are encouraged to contact our consultant for further details and application procedures.