Purchase Executive

Job Title: Purchase Executive

Location: Bangalore, India

Employment Type: Full-time

Job Summary

The Purchase Executive will be responsible for driving product research, market analysis, and supplier relationship management to ensure procurement needs are fulfilled in a timely and cost-effective manner. This role requires a proactive, result-oriented approach with a strong focus on identifying alternatives and optimizing procurement processes. Regular travel to explore new markets and suppliers is a key aspect of this role.

About the Role

The organization is focused on delivering high-quality Operating Supplies & Equipment (OS&E) and Furniture, Fixtures & Equipment (FF&E) to premium hospitality clients. The role contributes to ensuring that sourced products align with project requirements and quality standards.

Core Responsibilities

1. Product Research & Market Intelligence

• Conduct in-depth research on market trends, new products, and opportunities
• Analyze competitor pricing and supplier capabilities
• Provide actionable insights for procurement decisions

2. Supplier Management & Relationship Building

• Identify, evaluate, and manage domestic and global suppliers
• Build long-term supplier partnerships
• Negotiate pricing, terms, and ensure quality and timely delivery

3. Product Development Collaboration

• Work closely with internal teams to source materials and products
• Ensure procurement aligns with evolving business needs

4. Cost Optimization & Strategic Sourcing

• Drive cost-saving initiatives without compromising quality
• Identify alternative suppliers and negotiate competitive pricing

5. Market Expansion & Supplier Exploration

• Travel to identify new markets and suppliers
• Evaluate supplier risks and capabilities

6. Procurement Planning & Coordination

• Manage purchase orders and procurement cycles
• Coordinate with internal teams for inventory and production alignment

7. Data-Driven Decision Making

• Analyze procurement data for trends and improvements
• Prepare reports on supplier performance and cost optimization

8. Risk Management & Contingency Planning

• Identify supply chain risks and develop mitigation strategies
• Ensure continuity of supply during disruptions

Mandate Skills (Must-Have)

• Strong negotiation and communication skills
• Excellent analytical and market assessment abilities
• Proficiency in procurement tools and advanced MS Excel
• Ability to manage multiple priorities in a fast-paced environment
• Strong supplier management and stakeholder handling skills



Eligibility Criteria

Education:

• Bachelor’s degree in Business Administration or a related field

Experience:

• 1–3 years of experience in procurement
• Prior experience as a Purchase Executive or in a similar role
• Experience in the hospitality industry is preferred