Sr. Executive - Purchase (Buyer/Procurement Specialist)

Job Description: Procurement Specialist / Buyer /Purchase Executive

Location

• Mysore

Job Summary

Key Responsibilities

• Review purchase requisitions, manage Requests for Quotations (RFQs), evaluate supplier quotations, and process purchase order changes in accordance with procurement policies.
• Manage ongoing supplier relationships, providing commercial support to business operations and ensuring alignment with organizational objectives.
• Collaborate with cross-functional teams, including planning, engineering, manufacturing, finance, and supply chain, to coordinate purchasing activities and ensure timely material availability at competitive costs.
• Maintain accurate procurement data and ensure data integrity across enterprise resource planning (ERP) systems.
• Conduct cost analysis, pricing evaluations, spend analysis, and volume planning for assigned commodities.
• Monitor the cost, schedule, scope, and performance of assigned subcontracts to ensure compliance with contractual requirements and deliver the best value.
• Engage with suppliers to review and manage performance, delivery schedules, product quality, and corrective actions.
• Support commodity management activities, including procurement planning, commodity business plans, market trend analysis, pricing assessments, and product availability reviews.
• Negotiate pricing, payment terms, lead times, and other commercial terms to achieve cost savings and favorable purchasing conditions.
• Track purchase orders and proactively resolve issues related to delivery delays, shortages, pricing discrepancies, and supplier commitments.
• Identify opportunities for cost reduction, process improvement, supplier consolidation, and supply chain risk mitigation.
• Ensure compliance with procurement procedures, contractual obligations, internal controls, and relevant company policies.
• Prepare procurement reports and maintain documentation related to supplier quotations, purchase orders, cost analysis, and supplier performance.

Required Qualifications

• Bachelor's degree in Supply Chain Management, Business Administration, Engineering, Commerce, or a related field.
• Relevant experience in procurement, purchasing, sourcing, supply chain management, or materials management.
• Working knowledge of purchase requisitions, RFQs, purchase orders, supplier negotiations, and procurement processes.
• Experience using ERP systems such as SAP, Oracle, or similar procurement platforms.
• Strong analytical skills, including cost analysis, pricing evaluation, and spend management.
• Excellent communication, negotiation, supplier relationship management, and problem-solving skills.
• Ability to coordinate with cross-functional stakeholders and manage multiple priorities effectively.
• Strong attention to detail and commitment to data accuracy and process compliance.

Preferred Qualifications

• Experience in semiconductor, electronics, manufacturing, or technology industries.
• Knowledge of commodity management, market analysis, and strategic sourcing practices.
• Familiarity with supplier performance metrics, contract management, and cost-reduction initiatives.
• Advanced Excel skills and experience preparing procurement dashboards and reports.

Key Competencies

Key Performance Indicators (KPIs)