Senior Executive - Purchase

HYKON INDIA LIMITED is looking for Senior Executive - Purchase to join our dynamic team and embark on a rewarding career journey.We are seeking a skilled and detail-oriented professional to join our team as an Executive/Senior Executive in the Purchase department. The successful candidate will be responsible for procurement activities, vendor management, and ensuring timely and cost-effective acquisition of goods and services. This role requires strong negotiation skills, vendor relationship management, and a proactive approach to optimizing procurement processes.

Responsibilities:Procurement Planning:Collaborate with various departments to understand their procurement needs and requirements.Develop and implement procurement plans to meet organizational objectives.Vendor Identification and Evaluation:Identify potential vendors and suppliers through market research and networking.Evaluate vendor capabilities, pricing, and performance to ensure quality and cost-effectiveness.Negotiation and Contract Management:Negotiate favorable terms and conditions with vendors to secure cost-effective agreements.Draft and manage contracts, ensuring compliance with legal and company standards.Purchase Order Processing:Generate purchase orders based on approved requisitions and agreements.Track and manage the procurement process from order placement to delivery.Cost Analysis and Budget Management:Conduct cost analysis to identify opportunities for cost savings and efficiency.Assist in the development and monitoring of the procurement budget.Vendor Relationship Management:Cultivate and maintain strong relationships with vendors.Address vendor performance issues and collaborate on continuous improvement.Quality Assurance:Work with stakeholders to establish quality standards for procured goods and services.Monitor and ensure adherence to quality standards through vendor partnerships.Market Research:Stay informed about industry trends, pricing fluctuations, and new product/service offerings.Provide insights and recommendations based on market research.Documentation and Reporting:Maintain accurate records of procurement activities, contracts, and vendor communications.Generate regular reports on procurement metrics and performance.