AM/Manager-Purchase

Strategic Sourcing & Vendor Management:

• Develop and implement strategic sourcing plans for critical materials, components, and services to meet business objectives.
• Identify, evaluate, and qualify new suppliers based on stringent criteria, including quality, cost, delivery, and reliability.
• Lead vendor development initiatives to build a robust and diversified supplier base.
• Establish and maintain strong, collaborative relationships with key suppliers, fostering long-term partnerships.
• Conduct regular vendor performance reviews, implementing corrective actions and continuous improvement plans.

Negotiation & Contract Management:

• Lead complex negotiations with suppliers to secure optimal pricing, favorable terms, and contract conditions.
• Draft, review, and finalize purchase agreements, contracts, and service level agreements (SLAs).
• Ensure all contractual obligations are met by both the company and its suppliers.
• Manage contract renewals and renegotiations strategically.

Cost Optimization & Budgeting:

• Drive significant cost reduction initiatives through strategic sourcing, value engineering, and demand management.
• Conduct comprehensive market analysis and benchmarking to identify cost-saving opportunities and market trends.
• Develop and manage the procurement budget, tracking spend against allocated funds and reporting variances.

Operational Execution & Compliance:

• Oversee the entire purchase-to-pay cycle, from requisition to final payment, ensuring efficiency and accuracy.
• Ensure all procurement activities comply with company policies, ethical guidelines, and relevant legal and regulatory frameworks in India (e.g., GST, customs, import/export regulations).
• Implement and maintain robust internal controls within the procurement process.
• Manage and optimize inventory levels in coordination with production, planning, and warehousing teams.

Team Leadership & Development (for Manager level):

• Lead, mentor, and develop a team of procurement professionals, fostering a culture of high performance and continuous learning.
• Set clear performance objectives, conduct appraisals, and provide constructive feedback.
• Delegate tasks effectively and ensure efficient workload distribution within the team.

Cross-functional Collaboration & Reporting:

• Collaborate closely with various internal departments (e.g., Production, Engineering, R&D, Quality, Finance) to understand their specific material and service requirements.
• Prepare and present detailed procurement reports, including spend analysis, savings achieved, vendor performance, and market insights, to senior management.
• Contribute to strategic business planning by providing procurement intelligence.