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PURCHASE EXECUTIVE
Fashion TV
posted 2mon ago
Job Role Insights
Fixed timing
Key skills for the job
Job Description
Overview
The Purchase Executive plays a pivotal role in the procurement process within the organization, ensuring that materials and services are sourced effectively and efficiently
This position requires developing strong relationships with suppliers, managing purchase orders, and ensuring that procurement policies and procedures are adhered to
The Purchase Executive not only contributes to the financial stability of the company through judicious purchasing decisions but also enhances operational efficiency by optimizing the supply chain
Additionally, the role demands a keen eye for detail and the ability to make informed decisions based on market trends
As part of the purchasing team, the Purchase Executive collaborates closely with other departments such as finance, inventory management, and production to ensure that the organization s goals are met
Effective negotiation skills and market understanding are essential to achieve favorable contract terms and maintain quality standards, making this position critical in ensuring the overall success and competitiveness of the organization
Key Responsibilities This position requires developing strong relationships with suppliers, managing purchase orders, and ensuring that procurement policies and procedures are adhered to
The Purchase Executive not only contributes to the financial stability of the company through judicious purchasing decisions but also enhances operational efficiency by optimizing the supply chain
Additionally, the role demands a keen eye for detail and the ability to make informed decisions based on market trends
As part of the purchasing team, the Purchase Executive collaborates closely with other departments such as finance, inventory management, and production to ensure that the organization s goals are met
Effective negotiation skills and market understanding are essential to achieve favorable contract terms and maintain quality standards, making this position critical in ensuring the overall success and competitiveness of the organization
- Identify and evaluate potential suppliers and maintain a database of reliable sources
- Negotiate contracts, pricing, and terms with suppliers to achieve cost savings
- Prepare purchase orders and confirm orders with suppliers to ensure timely procurement
- Monitor inventory levels and reorder supplies as necessary to prevent stock shortages
- Collaborate with cross-functional teams to determine product specifications and requirements
- Analyze market trends and adjust purchasing strategies accordingly
- Maintain accurate records of purchases, pricing, and supplier performance
- Review and approve supplier invoices to ensure accuracy and compliance
- Develop and maintain relationships with key suppliers to ensure quality and timely delivery
- Conduct regular audits of supplier performance and address any non-compliance issues
- Assist in developing purchasing strategies aligned with company objectives
- Provide reports and insights on purchasing activities and expenditures to management
- Stay updated on industry trends and innovations to enhance procurement strategies
- Resolve any issues related to procurement, including delivery delays or quality concerns
- Implement cost-reduction initiatives while ensuring quality and service levels
- Bachelor s degree in Business Administration, Supply Chain Management, or related field
- Minimum of 2-4 years of experience in procurement or purchasing
- Strong understanding of procurement processes and supply chain management
- Proficiency in Microsoft Office Suite, particularly Excel
- Familiarity with procurement software and ERP systems
- Excellent negotiation and communication skills
- Demonstrated ability to analyze data and make informed purchasing decisions
- Detail-oriented with strong organizational skills
- Ability to work independently and collaboratively in a team environment
- Understanding of legal aspects related to procurement and contracting
- Experience in supplier evaluation and relationship management
- Knowledge of market trends and product sourcing
- Strong problem-solving skills with the ability to adapt to changing conditions
- Certification in Procurement or Supply Chain Management is a plus
- Ability to work under pressure and meet tight deadlines
- Aptitude for numerical analysis and financial management
Employment Type: Full Time, Permanent
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What people at Fashion TV are saying
Purchase Executive salary at Fashion TV
reported by
1
employee
with 4
years exp.
₹3.1
L/yr - ₹4
L/yr
6%
less
than the average Purchase Executive Salary in India
View more details
What Fashion TV employees are saying about work life
based on 251 employees
Strict timing
Alternate Saturday off
No travel
Day Shift
Fashion TV Benefits
Job Training 
Soft Skill Training 
Team Outings 
Education Assistance 
Work From Home 
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