About
About Job:
We are seeking an experienced and dynamic Purchase Executive/Senior Executive who will be responsible for managing the procurement process, maintaining inventory levels, and ensuring the timely acquisition of high-quality materials and components. This role requires strong analytical skills, excellent negotiation capabilities, and a deep understanding of the power electronics market.
This position is based out of our Power Electronics Division in New Delhi.
Job Role & Responsibilities:
- Conduct order reviews and plan parts based on consumption.
- Prepare Purchase Orders.
- Engage with vendors for material procurement.
- Maintain inventory in line with target cost goals.
- Develop tubular, sheet metal, machining, plastic, and other tooled components according to drawings within project timelines.
- Analyze drawings to determine suitable manufacturing processes and assign to appropriate vendors for development.
- Perform costing for new components, solicit quotations, compare, negotiate, and finalize product requirements and commercial terms with vendors.
- Select suppliers and review specifications to ensure requirements are met.
- Monitor and follow up with suppliers for regular materials and development parts.
- Collaborate with the QA team for system and process audits as per control plans.
- Analyze and resolve quality issues in procured parts.
- Obtain PPAP documents from vendors and secure approval from the QA department.
- Costing of outsourced parts and cost estimation after verifying cycle times at the vendor's site.
- Evaluate, compare, and negotiate with vendors on pricing and other terms and conditions, followed by the release of purchase orders.
- Negotiate prices with suppliers in response to Engineering Change Notices (ECNs) or increases in raw material costs.
Experience & Skills:
- Bachelor’s degree in Supply Chain Management, Business Administration, Engineering, or a related field.
- Minimum of 3-5 years of experience in procurement, preferably in the power electronics or related field.
- Experience in Electricals- Wires, Mold/Mechanical- Sheet Metal, Packing, Cabinet/Electronics - SMD Components.
- Excellent negotiation, communication, and interpersonal skills.
