We are seeking a detail-oriented and analytical Purchase Executive - Raw Material to join our team in Wada, India. In this role, you will be responsible for managing the procurement of raw materials essential to our manufacturing processes, ensuring cost-effectiveness, quality, and timely delivery.
- Develop and implement procurement strategies for raw materials, aligning with organizational goals and production requirements
- Analyze market trends, conduct research, and identify potential suppliers to optimize purchasing decisions
- Negotiate contracts, prices, and terms with suppliers to secure the best value for the company
- Manage inventory levels of raw materials, ensuring optimal stock levels to meet production needs
- Collaborate with cross-functional teams, including production, quality control, and finance, to align procurement activities with organizational objectives
- Monitor and evaluate supplier performance, addressing any quality or delivery issues promptly
- Utilize ERP systems to maintain accurate records of purchases, contracts, and supplier information
- Prepare and analyze procurement reports, identifying areas for cost savings and process improvements
- Stay informed about industry trends, regulations, and best practices in procurement and supply chain management
- Ensure compliance with company policies, international trade regulations, and quality standards in all procurement activities
- 3-5 years of experience in procurement or supply chain management, preferably in raw material purchasing for the manufacturing industry
- Proficiency in procurement processes, negotiation techniques, and supply chain management principles
- Strong analytical skills with the ability to interpret market trends and make data-driven decisions
- Excellent negotiation and communication skills, both verbal and written
- Demonstrated ability to manage multiple priorities and meet deadlines in a fast-paced environment
- In-depth knowledge of raw materials market trends, pricing strategies, and quality control processes
- Ability to work collaboratively in a team environment and build strong relationships with suppliers and internal stakeholders
