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Purchase Officer
Velammal Nexus
posted 23d ago
Job Description
Velammal Nexus is looking for Purchase Officer to join our dynamic team and embark on a rewarding career journey
- Sourcing and Supplier Management:Identify potential suppliers and conduct market research to assess their capabilities and offerings
- Build and maintain a database of reliable suppliers and vendors
- Evaluate supplier performance based on quality, delivery, and pricing, and take appropriate actions to improve or replace underperforming vendors
- Purchase Order Processing:Collaborate with various departments to understand their procurement needs and create purchase requisitions accordingly
- Issue purchase orders to approved suppliers, ensuring accuracy and completeness of information
- Monitor and track the status of orders to ensure timely delivery
- Negotiation and Contract Management:Negotiate favorable terms and conditions with suppliers to secure the best deals and cost savings for the organization
- Prepare and review procurement contracts, ensuring compliance with legal and company policies
- Budget and Cost Control:Work closely with the finance department to establish and manage budgets for procurement activities
- Implement cost control measures to optimize spending without compromising quality
- Inventory Management:Collaborate with inventory teams to maintain optimal stock levels and avoid stockouts or overstock situations
- Conduct periodic stock assessments and coordinate with relevant stakeholders for replenishment
- Quality Assurance and Compliance:Ensure that purchased products and services meet the organization's quality standards
- Monitor and enforce compliance with procurement policies, ethical practices, and relevant regulations
- Vendor Relationships:Foster positive and productive relationships with suppliers and vendors
- Address and resolve any issues or disputes that may arise during the procurement process
- Reporting and Analysis:Prepare regular reports on procurement activities, vendor performance, and cost savings
- Analyze data to identify areas for improvement and make data-driven decisions
Employment Type: Full Time, Permanent
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