Company Overview

Gamut HR Solutions is dedicated to helping individuals find the right job opportunities. With a small team of 2-10 employees, we are headquartered in Hyderabad and provide specialized recruitment services. Our focus is on delivering personalized solutions that align with the unique needs and goals of both job seekers and employers. For more information, visit our website at Gamut HR Solutions.

Job Overview

We are seeking a highly skilled Purchase Executive in the manufacturing sector to join our team at Gamut HR Solutions. This is a full-time, mid-level position based in Hyderabad, requiring 4 to 6 years of work experience. The successful candidate will be responsible for managing procurement processes and optimizing cost efficiencies within the organization.

Qualifications and Skills

• Strong knowledge of supplier relationship management (Mandatory skill), with experience in nurturing and maintaining long-term business relationships.
• Proficiency in procurement analytics (Mandatory skill) to evaluate supplier performance and make informed purchasing decisions.
• Expertise in cost reduction strategies (Mandatory skill) to optimize procurement spend and improve profitability.
• Hands-on experience with SAP ERP systems to streamline purchasing tasks and improve efficiency in supply chain operations.
• Proficient in Ariba software to enhance procurement processes, from vendor selection to invoice management.
• Exceptional negotiation skills to secure favorable terms and pricing with suppliers while maintaining quality standards.
• Strong inventory management capabilities to ensure optimal stock levels and reduce wastage.
• Competency in contract management to draft, evaluate, and monitor agreements, ensuring compliance with company policies.

Roles and Responsibilities

• Develop and implement purchasing policies and procedures to streamline procurement activities and ensure compliance with industry standards.
• Identify and qualify potential suppliers to expand the organization's supply base and diversify sourcing options.
• Conduct supplier evaluations and negotiations to secure optimal pricing, terms, and quality of goods and services.
• Monitor and analyze procurement budgets, identifying opportunities for cost reductions without compromising quality.
• Collaborate with cross-functional teams, including production and logistics, to forecast demand and plan procurement activities accordingly.
• Maintain accurate records of supplier performance, contracts, and purchase orders for audit and reporting purposes.
• Resolve any issues arising from procurement activities, including delivery delays, payment discrepancies, or vendor non-compliance.
• Regularly review and update procurement processes and practices to reflect changes in market conditions and business needs.