Purchase Officer ETERNA GLOBAL SOLUTIONS LLP

About ETERNA GLOBAL SOLUTIONS LLP

Job Description

Key Performance Indicators (KPIs) for purchasing and inventory management Cost Savings: This measures the reduction in spending as a result of purchasing strategies, such as negotiations or bulk buying. Purchase Order Cycle Time: The time taken from initiating a purchase order to the receipt of goods or services, indicating the efficiency of the purchasing process. Supplier Performance: Evaluates suppliers based on criteria such as delivery time, quality of goods, and compliance with contracts. Spend Under Management: The percentage of total spend that is actively managed by the purchasing team, highlighting the control over organizational expenses. Compliance Rate: Indicates the adherence to purchasing policies and procedures, reflecting the governance of the procurement process. Inventory Turnover Ratio: This measures how often inventory is sold and replaced over a period, indicating the efficiency of inventory management. Stockout Rate: The frequency of items being out of stock, providing insight into inventory planning and demand forecasting accuracy. Carrying Cost of Inventory: This includes all costs associated with holding inventory, such as storage, insurance, and depreciation, affecting overall profitability. Order Accuracy: Evaluates the percentage of orders fulfilled without errors, crucial for maintaining customer satisfaction and operational efficiency. Lead Time: The time required from placing an order to receiving stock, which impacts decision-making and inventory levels. Job Types: Full-time, Permanent Schedule: Day shift Work Location: In person,