Post - Senior Executive (Purchase) Location - FaridabadKey Responsibility Areas of Senior Executive (Purchase)1. Vendor Sourcing, Development & NegotiationsVendor Identification: Research and identify potential suppliers to meetorganizational requirements.Relationship Management: Develop and maintain strong relationships withvendors to ensure reliability and quality.Negotiation: Negotiate favourable terms, pricing, and contracts to achieve costsavings and value.2. Timely Procurement of Raw Materials & ComponentsProcurement Planning: Coordinate with production and inventory teams toforecast material needs.Order Management: Place and track orders to ensure timely delivery, preventingproduction delays.3. Cost Reduction through Strategic Purchasing & Supplier ManagementCost Analysis: Analyse spending patterns to identify opportunities for costreduction.Strategic Sourcing: Implement sourcing strategies that balance cost, quality, andrisk.Performance Evaluation: Regularly assess supplier performance to ensurecompliance with contractual obligations and quality standards.4. Inventory Management & Process OptimizationInventory Control: Maintain optimal inventory levels to support production whileminimizing holding costs.Process Improvement: Streamline procurement processes to enhance efficiencyand reduce cycle times.5. Purchase Orders, Documentation & Supplier PaymentsOrder Accuracy: Ensure purchase orders are accurate and reflect agreed terms.Record Keeping: Maintain comprehensive records of purchases, contracts, andcommunications.Payment Coordination: Work with finance to ensure timely and accurate paymentto suppliers, maintaining positive relationships.Interested candidate can contact us on 8851627720 or email at- srexpertservices@gmail.com