Purchase Manager

Key Responsibilities of a Purchasing Manager -

• Strategic Sourcing and Procurement: Developing and implementing effective purchasing strategies aligned with the company's engineering and project requirements. This involves identifying potential suppliers, evaluating their capabilities, and negotiating favorable terms and conditions.
• Supplier Relationship Management: Building and maintaining strong relationships with key suppliers to ensure a reliable and efficient supply chain. This includes regular communication, performance monitoring, and addressing any issues that may arise.
• Contract Negotiation and Management:Negotiating contracts with suppliers for goods and services, ensuring favorable pricing, delivery terms, and quality standards. This also involves managing contract renewals and amendments.
• Cost Management and Optimization:Identifying opportunities to reduce costs without compromising quality or delivery timelines. This includes analyzing spending patterns, negotiating better deals with suppliers, and implementing cost-saving measures.
• Risk Management:Identifying potential risks associated with the procurement process, such as supply shortages, price fluctuations, or quality issues. Developing mitigation strategies to minimize the impact of these risks on engineering projects.
• Inventory Management:Ensuring optimal inventory levels of critical materials and components to support engineering activities and prevent delays. This may involve coordinating with inventory management teams and implementing appropriate inventory control procedures.
• Compliance and Quality Assurance:Ensuring that all procurement activities comply with relevant regulations, standards, and company policies. This includes verifying that purchased goods and services meet the required quality standards.
• Collaboration and Communication:Working closely with engineering teams, project managers, and other stakeholders to understand their needs and ensure that procurement activities are aligned with project requirements.
• Performance Measurement and Reporting:Tracking key procurement metrics, such as cost savings, delivery performance, and supplier performance, and reporting on these metrics to management.
• Staying Updated:Keeping abreast of the latest trends in procurement technology, supply chain management, and industry best practices.

Skills Required:

• Negotiation Skills: Essential for securing favorable terms and conditions with suppliers.
• Analytical Skills: Required for analyzing data, identifying trends, and making informed decisions.
• Communication Skills: Important for collaborating with various stakeholders and managing supplier relationships.
• Problem-Solving Skills: Needed for addressing challenges related to procurement, such as supply shortages or quality issues.
• Technical Knowledge: Understanding the technical specifications of the materials and equipment being procured is crucial in the engineering industry.
• Project Management Skills: Helpful for managing complex procurement projects and ensuring timely delivery.

Graduates or Diploma with 10-15 yrs experience in Engineering Industry Purchase candidates only preferred.

Job Types: Full-time, Permanent

Pay: ₹40,000.00 - ₹50,000.00 per month

Benefits:

• Food provided
• Health insurance
• Leave encashment
• Provident Fund

Work Location: In person