Sr. Executive – Purchase and Sourcing

Manage end-to-end procurement and sourcing activities for materials, products, and services as per business requirements. Identify, evaluate, and develop reliable suppliers/vendors based on quality, cost, capacity, and delivery performance. Drive strategic sourcing initiatives to achieve cost savings and improve procurement efficiency. Obtain and analyze quotations, commercial offers, and techno-commercial proposals from suppliers. Lead price negotiations, payment terms, delivery schedules, and commercial agreements with vendors. Prepare, review, and release Purchase Orders (POs) while ensuring compliance with company policies and approval processes. Monitor supplier performance, including quality, delivery, pricing, and service levels, and take corrective actions where required. Develop alternative and new vendor sources to reduce dependency and ensure uninterrupted supply. Coordinate with Production, Stores, Quality, Accounts, and other departments to ensure timely procurement and material availability.

Monitor inventory requirements, purchase plans, lead times, and critical materials to prevent shortages or excess stock. Handle supplier issues related to quality rejection, shortages, delays, damages, and replacements and ensure timely resolution. Maintain updated vendor databases, quotations, comparative statements, POs, contracts, and procurement records. Track purchase costs, savings, price trends, and vendor performance and prepare MIS/procurement reports for management. Ensure procurement activities comply with budgets, company policies, quality standards, and commercial requirements. Continuously identify opportunities for cost reduction, process improvement, vendor consolidation, and supply-chain optimization.