Lead Purchase Executive

Job description

Position **Procurement Executive / Senior Procurement Executive** Department Supply Chain / Procurement Job Summary The Procurement Executive is responsible for managing end-to-end procurement activities for electronic and mechanical components, ensuring timely material availability to support production while optimizing cost, quality, and delivery. The role involves supplier coordination, ERP/MRP management, inventory control, procurement process improvements, and proactive risk mitigation for critical materials. Key Responsibilities - Process purchase orders for electronic and mechanical materials based on approved purchase requisitions, contracts, and production requirements. - Follow up with suppliers for purchase order acknowledgements, production status, delivery schedules, and ensure on-time material availability. - Coordinate with Stores, Quality Assurance, Planning, and Production teams to ensure smooth receipt, inspection, and acceptance of materials. - Monitor MRP exceptions and update Expected Time of Delivery (ETD) accurately in the ERP system. - Verify supplier invoices, track Goods Receipt Notes (GRNs), and resolve discrepancies related to quantity, pricing, quality, or delivery. - Maintain accurate procurement records, purchase documentation, and ERP master data while ensuring compliance with internal procurement policies and procedures. - Identify, evaluate, and onboard new domestic and international suppliers to improve cost, quality, lead time, and supply reliability. - Manage procurement activities for both domestic and import suppliers, including order tracking, logistics coordination, and documentation. - Develop procurement strategies for high lead-time and critical components by implementing proactive planning and supply risk mitigation measures. - Monitor inventory levels and support inventory flow control to maintain optimum stock while minimizing excess and shortages. - Collect supplier quotations, perform techno-commercial comparisons, and support supplier selection based on quality, cost, delivery performance, and commercial terms. - Drive procurement process automation and continuous improvement initiatives to enhance operational efficiency and reduce cycle time. - Support end-to-end Procure-to-Pay (P2P) activities, ensuring timely procurement and payment processing. - Build and maintain strong supplier relationships to ensure consistent performance and continuous improvement. Required Skills & Competencies - Strong knowledge of Procurement, Supply Chain Management, and Inventory Control. - Hands-on experience with ERP systems and Material Requirements Planning (MRP). - Good understanding of the complete Procure-to-Pay (P2P) cycle. - Experience handling both domestic and import procurement. - Knowledge of supplier management, sourcing strategies, and vendor development. - Understanding of inventory planning and material flow management. - Strong analytical, negotiation, and communication skills. - Ability to manage multiple priorities in a fast-paced manufacturing environment. - Proficiency in Microsoft Excel and ERP reporting tools. - Experience in procurement automation and process improvement initiatives is preferred. Qualification - Bachelor's Degree in Engineering, Electronics Engineering, Industrial Engineering, Supply Chain Management, or a related discipline. Experience - 48 years of experience in procurement or supply chain within a manufacturing environment, preferably involving electronic and mechanical components.