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Procurement Executive

2.00 to 7.00 Years   Delhi   11 Jan, 2025
MNR Solutions Pvt Ltd
Job LocationDelhi
EducationNot Mentioned
SalaryRs 3.0 - 5 Lakh/Yr
IndustryPrinting / Packaging
Functional AreaPurchase
EmploymentTypeFull-time

Job Description

    Job Overview:We are seeking a dynamic and results-driven Procurement Executiveto join our team. The ideal candidate will have a passion for coffee and a strong understanding of procurement processes. This role requires excellent communication skills, a strategic mindset, and the ability to collaborate effectively in a fast-paced environment.Key Responsibilities:
    1. Supplier Management
    • Identify and evaluate potential suppliers.
    • Maintain strong relationships with existing suppliers.
    • Negotiate contracts and agreements to secure favourable terms.
    1. Cost Management
    • Analyse procurement costs and seek opportunities for savings.
    • Develop and implement cost-reduction strategies without compromising quality.
    1. Inventory Management
    • Ensure optimal raw material (RM) and packaging material (PM) levels to meet production and sales demands.
    • Monitor stock turnover rates and adjust purchase orders accordingly.
    1. Quality Assurance
    • Ensure purchased goods meet required quality standards.
    • Collaborate with quality control teams to address issues with suppliers.
    1. Compliance and Risk Management
    • Ensure compliance with legal and regulatory requirements related to procurement.
    • Assess and mitigate risks associated with supplier contracts and supply chain disruptions.
    1. Market Analysis
    • Conduct market research to stay updated on industry trends and price fluctuations.
    • Analyse competitor strategies and evaluate supplier performance.
    1. Collaboration with Internal Teams
    • Work closely with production, logistics, and finance teams to align payments, last-mile delivery, and procurement strategies with overall business objectives.
    1. Receiving Accuracy
    • Ensure accurate receipt of goods against purchase orders (POs) or return-to-origin (RTO).
    • Verify quantities, quality, and condition of incoming goods.
    Key Performance Indicators (KPIs):
    1. Cost Savings
    • Percentage reduction in procurement costs year-over-year.
    • Total savings achieved through negotiations and supplier management.
    1. Supplier Performance
    • Supplier lead time adherence (percentage of suppliers meeting delivery deadlines).
    • Quality rating of suppliers based on defect rates or compliance with standards.
    1. Purchase Order Cycle Time
    • Average time from purchase order creation to order fulfilment.
    • Percentage of purchase orders processed within the specified timeframe.
    1. Supplier Diversity
    • Percentage of spend with diverse suppliers (e.g., women-owned or minority-owned businesses).
    Qualifications:Education and Experience:
    • Bachelors degree in a relevant field.
    • 35 years of experience in procurement, preferably in the food and beverage industry.
    Skills and Competencies:
    • Strong understanding of procurement processes.
    • Excellent negotiation, communication, and interpersonal skills.
    • Proficiency in Microsoft Office and CRM/ERP software.
    • Ability to work independently and as part of a team.
    • Strong analytical and problem-solving skills.
    • Passion for coffee and commitment to quality and sustainability.
    What We Offer:
    • Competitive salary
    • Comprehensive benefits package, including health insurance and retirement plans.
    • Opportunities for professional growth and development.
    • A vibrant and inclusive work culture.
    • The chance to be part of a passionate team revolutionizing the coffee industry.

Keyskills :
purchase managementsourcing materialsmaterial schedulingprocurement planning

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