PURCHASE EXECUTIVE

PURCHASE EXECUTIVE

The key responsibilities and qualifications for a purchase executive at a manufacturing company of pumps typically include:

Qualifications:

1. Bachelor's degree in business administration, supply chain management, or a related field. A Master's 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 Bachelor's 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.

SKILLS TO TEST IN TELEPHONIC AND WRITTEN TEST –

1.    VERBAL AND COMMUNICATION SKILLS

2.PROBLEM SOLVING AND ATTENTION TO DETAILS (INTERMEDIATE)

3.NEGOTIATION

4.STRATEGIC THINKING

5.PROJECT MANAGEMENT