Senior Purchase Executive Jobs Opening in Electrolinks at Banashankari, Bangalore
Job Description
Key Responsibilities:
1. Procurement & Purchase Order Management
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Source and procure raw materials, equipment, consumables, and services based on departmental requirements.
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Issue purchase orders (POs) and ensure timely approvals and dispatch to vendors.
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Monitor open POs and follow up with suppliers to ensure timely deliveries.
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Coordinate internally with stores, finance, and user departments to validate requirements.
2. Vendor Management
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Identify, evaluate, and empanel reliable suppliers and vendors for quality, pricing, and service standards.
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Negotiate terms such as payment cycles, delivery timelines, and warranty terms with vendors.
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Maintain a strong supplier base and ensure alternate sourcing for critical items to reduce dependency risk.
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Conduct periodic vendor performance reviews and initiate corrective actions when required.
3. Price Negotiation and Cost Optimization
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Obtain competitive quotations from multiple vendors for pricing comparison and analysis.
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Negotiate best prices and favorable terms without compromising on quality and service.
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Work towards cost reduction initiatives through bulk buying, rate contracts, or alternate sourcing strategies.
4. Purchase Planning & Inventory Coordination
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Work closely with the inventory/store team to track stock levels and forecast requirements.
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Ensure minimum stock levels (reorder points) are maintained to avoid shortages.
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Coordinate with production/operations teams to understand consumption patterns and align procurement accordingly.
5. Documentation and Compliance
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Maintain accurate records of POs, quotations, delivery notes, invoices, and agreements.
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Ensure procurement processes comply with company policies, audit standards, and statutory requirements.
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Coordinate with accounts for invoice verification, payment processing, and tax documentation (GST, TDS, etc.).
6. Reporting and Analytics
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Prepare daily, weekly, and monthly reports on purchase activities, supplier performance, and cost savings.
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Track market trends, price movements, and changes in supply conditions.
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Share MIS reports with management for strategic decision-making.
More information about this Senior Purchase Executive Job
Please go through the below FAQs to get all answers related to the given Senior Purchase Executive job
- What are the job requirements to apply for this Senior Purchase Executive job position?
- Ans: A candidate must have a minimum of fresher as an Senior Purchase Executive
- What is the qualification for this job?
- Ans: The candidate can be a Graduate from any of the following: Diploma, BE/B.Tech, ME/M.Tech
- What are the salary requirements for this job?
- Ans: The salary range is between 20000 and 25000 Monthly. The Salary will depend on the interview. This Senior Purchase Executive is a Full Time in Bangalore.
- What is the hiring Process of this job?
- Ans: The hiring process all depends on the company. Normally for an entry level, hiring the candidate has to go for Aptitude, GD (If they look for communication),Technical test and face to face interviews.
- This Senior Purchase Executive is a work from home job?
- Ans: No ,its not a Work from Home Job.
- How many job vacancies are opening for the Senior Purchase Executive position?
- Ans: There are immediate 1 job openings for Senior Purchase Executive in our Organisation.
