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Purchase Executive
Latteys Industries
posted 5mon ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
1. Bachelors degree in business administration, supply chain management, or a related field. A Masters degree in business administration or supply chain management is often preferred.
2. At least 5-7 years of experience in purchasing, vendor management, and materials management in a manufacturing environment.
3. Familiarity with procurement software and systems.
4. Strong negotiation skills.
5. Knowledge of supply chain optimization.
Day-to-day duties:
1. Developing and implementing purchasing strategies to ensure timely and cost-effective procurement of materials and services.
2. Identifying potential suppliers and conducting negotiations to obtain the best possible prices and terms.
3. Managing relationships with existing suppliers to ensure timely delivery of materials and services.
4. Developing and implementing supplier performance metrics to evaluate supplier performance.
5. Ensuring that all purchases comply with relevant regulations and company policies.
6. Monitoring market trends and prices to ensure that the company remains competitive.
7. Collaborating with cross-functional teams to ensure that purchasing activities are aligned with production schedules and sales forecasts.
Required skills:
1. Strong communication and interpersonal skills.
2. Analytical and problem-solving skills.
3. Attention to detail.
4. Knowledge of procurement software and systems.
5. Negotiation skills.
6. Strategic thinking.
7. Project management skills.
- In summary, a purchase executive at a manufacturing company of pumps plays a critical role in ensuring timely and cost-effective procurement of materials and services
- Required skills include strong communication and interpersonal skills, analytical and problem-solving skills, knowledge of procurement software and systems, and negotiation skills
- Qualifications include a Bachelors degree in business administration, supply chain management, or a related field, 5-7 years of experience in purchasing, vendor management, and materials management in a manufacturing environment, and familiarity with supply chain optimization
To measure the performance of a purchase executive, some of the key performance indicators (KPIs) that can be used include:
1. Cost savings: This KPI measures the total cost savings achieved through effective purchasing strategies and negotiations.
2. Supplier performance: This KPI measures the performance of suppliers in terms of delivery times, quality, and pricing.
3. Purchase order cycle time: This KPI measures the time taken to process purchase orders, indicating the efficiency of the procurement process.
4. Inventory turnover: This KPI measures how quickly inventory is sold or used up, indicating the effectiveness of the purchasing process.
5. Compliance: This KPI measures the degree to which purchasing activities comply with relevant regulations and company policies.
Employment Type: Full Time, Permanent
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What people at Latteys Industries are saying
Rating based on 1 Purchase Executive
review
Anonymous · Purchase
in Ahmedabad
Likes
Don't ever work with this company... Job security is 0. When you join company think like today is your last day in company.... Don't go there for an interview also...
Dislikes
Nothing just read again my like...
Read 1 reviewPurchase Executive salary at Latteys Industries
reported by
5
employees
with 3-9
years exp.
₹2.4
L/yr - ₹2.9
L/yr
32%
less
than the average Purchase Executive Salary in India
View more details
What Latteys Industries employees are saying about work life
based on 18 employees
Flexible timing
Monday to Saturday
Within country
Day Shift
Latteys Industries Benefits
View more benefits
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