Procurement & Purchase - Other
CaratLaneJob Highlights
Required Skills
Job Description
Role Summary: We are seeking a motivated and detail-oriented Procurement & Purchase professional to join our growing team. The ideal candidate will be responsible for managing the end-to-end procurement process, ensuring the timely and cost-effective acquisition of materials and services crucial to our jewellery manufacturing and retail operations. This role requires a proactive approach to supplier management, negotiation, and inventory control within the fast-paced gems and jewellery industry.
Key Responsibilities:
- Identify and source high-quality raw materials, gemstones, precious metals, and packaging supplies in line with company specifications and quality standards.
- Develop and maintain strong relationships with suppliers, vendors, and manufacturers, negotiating favorable terms, pricing, and delivery schedules.
- Manage the entire procurement cycle, including purchase order creation, order tracking, and invoice processing.
- Monitor inventory levels and coordinate with production and sales teams to ensure adequate stock availability and minimize stock-outs.
- Conduct market research to identify new sourcing opportunities and stay updated on industry trends and pricing fluctuations.
- Ensure compliance with all company policies, ethical standards, and relevant regulations in procurement activities.
- Analyze procurement data to identify cost-saving opportunities and improve overall procurement efficiency.
- Collaborate with the design and production teams to understand material requirements and specifications.
About CaratLane
CaratLane is India's largest online jewellery destination. Founded in 2011, it is a part of the Titan Company Limited, a TATA enterprise. CaratLane is known for its contemporary designs and transparent pricing, offering a wide range of diamond and gold jewellery. The brand aims to make jewellery accessible and affordable for everyone, with a focus on customer experience and trust.
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