Purchase Executive-Electronic Manufacturing

JOB DISCRIPTION OF PURCHASE EXECUTIVE

Opening for a Middle level Position in a Medium size engineering firm located at electronic city,

Bangalore. Required to handle Procurement of Electronic, Electrical & Mechanical components

and subcomponents.

The organization involved in manufacture of state of art of sensors and control panels for the

Indian Railways.

Educational Qualification: Degree or Diploma in Electronic / Electrical Engg or Degree in

Commerce.

Experience: Minimum 3year experience in a firm in similar industry.

Responsibilities:

a) Responsible for buying the required make/quality raw material/assembly from

approved vendor at defined time and target price.

b) Generate information on lead time for each item. Need to identify and develop new

alternate vendors for all products that would be cheaper in cost, reduce lead time and

offer better payment terms without sacrificing on quality.

c) Oversees supply chain management and procurement. Develop and maintain master list

of all items, their multiple suppliers and contact / communication details along with

price tracking. At least 3 earlier supplies with PO No. / date. Should be able to estimate

the target price of various items.

d) Use the basis of cost estimation to negotiate the price.

e) Networking and dealing with numbers, as well as dealing with other factors such as

sustainability & risk management and ethical issues.

Tasks typically involve:

a) Forecasting levels of demand for services and products to meet the business needs and

keeping a constant check on stock levels.

b) Carry out research to ascertain the best identical / alternate make products and

suppliers in terms of best value, delivery schedules and quality.

c) Liaising between suppliers / manufacturers and relevant internal departments.

d) Identifying potential suppliers, visiting existing suppliers, and building and maintaining

good relationships with them.

e) Initial negotiating and formatting initial terms and conditions of supply and monitoring

their progress, checking the quality of service provided.

f) Processing invoices for payment.

g) Projecting financial requirement for the PO being released. Periodic update list of

Advance payments and demand from vendors.

h) Maintaining Purchase/Contract files and using them as reference for the future.