Purchasing Executive

Responsibilities:

• Develop and maintain relationships with suppliers, negotiating contracts, terms, and pricing agreements.
• Conduct market research to identify potential new suppliers and assess existing vendors.
• Evaluate supplier performance, delays, or discrepancies and implement corrective actions asnecessary.
• Prepare regular reports on purchasing activities, supplier performance, and cost analysis.
• Ensure stock level are fully optimized by setting accurate MRP parameters, considering new products / no movers / slow movers / overstock / delisted products / temporary promotions etc.
• Monitor inventory levels and collaborate with operations to align purchasing with production needs.
• Work closely with sales, operations, and finance teams to align procurement with business needs to support product development with sourcing of new materials / packaging.
• Collaborate with the finance team to support budgeting, forecasting, and cost-saving initiatives.
• Handle supplier litigation; work closely with sales and customer service team to plan and arrange supplier returns effectively.
• Oversee the entire purchasing process, including PO management, delivery follow-up, shipping document updates, and related tasks.